August 22, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=bnkngnknb for more articles like these.) — Recent banks and financial sector news includes Park Sterling Bank (NASDAQ: PSTB), Merriman Curhan Ford Group Inc. (NASDAQ: MERRD), Essex Bank (AMEX: BTC), PrivateBancorp Inc. (NASDAQ: PVTB), Saratoga Investment Corp. (NYSE: SAR) and others:

Park Sterling Offering Raises $150 Million — Park Sterling Bank (NASDAQ: PSTB) said that it has completed a public offering of 23.1 million shares of its common stock and raised around $150 million … (continued at http://www.financialwire.net/2010/08/20/park-sterling-offering-2/).

Merriman Curhan Reduces Common Share Count 1-For-7 — Merriman Curhan Ford Group, Inc. (NASDAQ: MERRD) said it has effected a reverse stock split of the outstanding common stock at a ratio of one-for-seven shares. The move was made to regain compliance with Nasdaq listing requirements … (continued at http://www.financialwire.net/2010/08/17/stock-splits-merriman/).

Community Bankers Defer TARP Dividend — Community Bankers Trust Corp., the holding company for Essex Bank (AMEX: BTC), said that it has notified the United States Department of the Treasury that it will defer the August 2010 payment of its regular quarterly cash dividend with respect to its Fixed Rate Cumulative Perpetual preferred stock… (continued at http://www.financialwire.net/2010/08/16/community-bankers-defer/).

Go to http://www.financialwire.net/?s=bnkngnknb for more articles like these.

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