Peapack-gladstone Financial Corporation Reports Another Solid Quarter Of Growth And Accomplishment – Yahoo Finance

At June 30, 2014, the market value of assets under administration at the Private Wealth Management Division of Peapack-Gladstone Bank (“The Bank”) was $2.84 billion, also another record for the Company. Fee income from the Private Wealth Management Division totaled $4.01 million for the June 2014 quarter growing from $3.75 million for the March 2014 quarter, and $3.63 million for the June 2013 quarter. Total revenue (net interest income plus other income) of $22.40 million for the June 2014 quarter reflected improvement when compared to $20.57 million for the March 2014 quarter, and compared to $17.68 million for the June 2013 quarter. Asset quality metrics demonstrated continued improvement at June 30, 2014 when compared to prior periods.For example, nonperforming assets stood at just $7.6 million or 0.32 percent of total assets as of June 30, 2014, compared to $8.6 million or 0.44 percent of total assets of December 31, 2013, and $11.4 million or 0.68 percent of total assets at June 30, 2013. Additionally, the Company’s nonperforming asset ratio compares favorably to the weighted average for all Mid-Atlantic banks of 0.90 percent (as of March 31, 2014). The book value per share at June 30, 2014 of $15.48 reflected improvement when compared to $14.79 at December 31, 2013 and $13.93 at June 30, 2013. Capital ratios remain strong as of June 30, 2014, even with asset growth over the six month period, as well as migration of lower risk weighted investment security cash flows into loans. http://finance.yahoo.com/news/peapack-gladstone-financial-corporation-reports-132000413.html

Dollar Tree (DLTR) Buying Family Dollar (FDO) – ABC News

Among the big winners is billionaire investor Carl Icahn, who announced last month that he had purchased more than 9 percent of Family Dollar shares. Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. The boards of both companies have unanimously approved the deal, which is expected to close by early next year. With flat living standards and cautious consumers, dollar stores have seen their sales rise in recent years. http://abcnews.go.com/blogs/business/2014/07/dollar-tree-buying-family-dollar/

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