Archive for April, 2008

WALLA WALLA, Wash., April 30, 2008 — Banner Corporation , the parent company of Banner Bank and Islanders Bank, today reported that net income for the first quarter of 2008 was $3.8 million, or $0.24 per diluted share, compared to $7.8 million, or $0.62 per diluted share, in the first quarter of 2007.

K-FED Bancorp announced its board approved a quarterly cash dividend of 11 cents per share. The bank holding company said the dividend will be paid on May 30 to shareholders of record as of May 15.

DOVER, Ohio, April 30, 2008 — FFD Financial Corporation , parent company of First Federal Community Bank of Dover, Ohio, reported net earnings for the three months ended March 31, 2008, of $159,000, or diluted earnings per share of $.15, compared to the $347,000, or $.31 per diluted share, of net earnings reported for the comparable three-month period in 2007.

Shares of mortgage lenders were mixed Wednesday after the Federal Reserve did not indicate it planned to stop cutting interest rate targets, as some people expected.

CLIFTON, N.J.—-The Board of Directors of Clifton Savings Bancorp, Inc., the parent company of Clifton Savings Bank, today announced that the Company will pay a cash dividend of $.05 per share for the quarter ended March 31, 2008.

METAIRIE, La., April 30, 2008 — Louisiana Bancorp, Inc. , the holding company for Bank of New Orleans , announced today that the Company's net income for the quarter ended March 31, 2008 was $621,000 or $.11 per share , an increase of $279,000, from the first quarter of 2007.

LOS ANGELES—-FirstFed Financial Corp. , parent company of First Federal Bank of California, today announced a net loss of $69.8 million or $5.11 per diluted share of common stock for the first quarter of 2008 compared to net income of $8.4 million or $0.61 per diluted share of common stock for the fourth quarter of 2007 and $32.4 million or $1.92 per diluted share of common stock for the first quarter of 2007.

Shares of Flushing Financial Corp., parent of community bank Flushing Savings Bank, fell Tuesday after an analyst downgraded the bank based on price.