Shares in American International Group (AIG) (NYSE:AIG – News) could drop this year as the U.S. government sells stock it owns in the insurer, Barron’s reported on Sunday.
The business weekly noted that AIG stock rose 40 percent in December to $58 per share. The boost came after AIG reached a deal with the government to [...]

Bank of Florida Corporation provided an update for the second quarter 2009. As part of an on-going initiative to support capital levels, insiders of Bank of Florida and other accredited investors placed an additional $4.1 million in the Company through the issuance of 165 units of convertible preferred stock and warrants at $25,000 per [...]

Bank of Florida Corporation provided an update for the second quarter 2009. As part of an on-going initiative to support capital levels, insiders of Bank of Florida and other accredited investors placed an additional $4.1 million in the Company through the issuance of 165 units of convertible preferred stock and warrants at $25,000 per unit. [...]

Surrey Bancorp announced that it has raised $2 million in capital as a result of its participation in the U.S. Treasury’s Capital Purchase Program of the Emergency Economic Stabilization Act of 2008.
The Company issued 2,000 shares of Surrey Bancorp preferred stock at a 5 percent annual dividend rate for the first five years, increasing to [...]

A.M. Best Co. has revised the rating outlook to stable from negative of the financial strength ratings (FSR) and issuer credit ratings (ICR) of Assurant Inc. and its various life/health and property/casualty insurance subsidiaries. Concurrently, A.M. Best has downgraded the FSR to A- (Excellent) from A (Excellent) and ICRs to “a-” from “a” for Assurant’s [...]

On November 19, 2008, Velocity Portfolio Group, Inc.announced that on November 14, 2008, it filed an Amendment to Velocity’s Certificate of Incorporation changing its name from Velocity Asset Management, Inc. to Velocity Portfolio Group, Inc. In addition, the previously announced one-for-twenty (1 for 20) reverse stock split of Velocity’s common stock, which was approved by [...]

Susquehanna Bancshares, Inc. (Susquehanna) has received preliminary approval to participate in the U.S. Treasury Department’s voluntary Capital Purchase Program.
Under the program, Susquehanna applied for and will receive $300 million in capital and in return will issue the Treasury $300 million in shares of Susquehanna preferred stock and warrants to purchase $45 million of Susquehanna [...]

Principal Financial Group, Inc. announced that it has applied to participate in the U.S. Department of the Treasury’s Capital Purchase Program (TCPP), as a savings and loan holding company subject to oversight of the Office of Thrift Supervision. If The Principal participates in TCPP, the company would issue preferred shares and warrants to the Treasury. [...]

Southern Community Financial Corporation announced that it has received preliminary approval from the U.S. Treasury for the sale of $42.75 million in preferred stock and related warrants to the U.S. Treasury under the Capital Purchase Program of the Emergency Economic Stabilization Act of 2008. The preferred stock will pay a 5% dividend for the first [...]

Syncora Holdings Ltd. (”Syncora” or the “Company”) announced results for the three- and nine-month periods ended September 30, 2008. The net loss available to common shareholders in the third quarter of 2008 was $1.339 billion, or $29.28 per common share, as compared to a net loss of $89.9 million, or $1.40 per common share, reported [...]