Liberty Bell Bank

Partners Bancorp Reports Results of Operations for the Second Quarter 2023

Retrieved on: 
Monday, July 31, 2023
Liberty Bell Bank, Lender option borrower option, Federal Home Loan Banks, Insurance, Maintenance, Total, Partnership, OceanFirst Bank, Small Business Administration, Tax, Paycheck Protection Program, FDIC, Sale, PPP, ATM, Disposable household and per capita income, Bank, LINK, Small business, Growth, Depreciation, Forgiveness, Environment, Breda, Cryptocurrency, Airline, Rare-earth element, Real estate, Renting, Life insurance, Video game, Delmarva Peninsula, Washington metropolitan area

While the Company’s net interest margin for the second quarter of 2023 improved by 0.84% compared to the same period of 2022, we experienced a decline of 0.11% when compared to the first quarter of 2023.

Key Points: 
  • While the Company’s net interest margin for the second quarter of 2023 improved by 0.84% compared to the same period of 2022, we experienced a decline of 0.11% when compared to the first quarter of 2023.
  • Interest Income and Expense – Three Months Ended June 30, 2023 and 2022
    Net interest income in the second quarter of 2023 increased by $2.0 million, or 15.1%, when compared to the second quarter of 2022.
  • Other income in the second quarter of 2023 decreased by $378 thousand, or 26.0%, when compared to the second quarter of 2022.
  • Other expenses in the second quarter of 2023 increased by $978 thousand, or 9.9%, when compared to the second quarter of 2022.

Partners Bancorp Reports Results of Operations for the First Quarter 2023

Retrieved on: 
Monday, May 1, 2023
Liberty Bell Bank, Lender option borrower option, Federal Home Loan Banks, Insurance, Maintenance, Total, OceanFirst Bank, Small Business Administration, Telephone, COVID-19, Tax, Paycheck Protection Program, FDIC, Sale, PPP, ATM, Disposable household and per capita income, Small business, Depreciation, Growth, Forgiveness, Environment, LINK, Bank, Real estate, Airline, Cryptocurrency, Life insurance, Video game, Delmarva Peninsula, Washington metropolitan area

Interest Income and Expense – Three Months Ended March 31, 2023 and 2022

Key Points: 
  • Interest Income and Expense – Three Months Ended March 31, 2023 and 2022
    Net interest income in the first quarter of 2023 increased by $3.3 million, or 27.4%, when compared to the first quarter of 2022.
  • Other income in the first quarter of 2023 decreased by $39 thousand, or 3.0%, when compared to the first quarter of 2022.
  • Other expenses in the first quarter of 2023 increased by $1.3 million, or 12.0%, when compared to the first quarter of 2022.
  • The following table depicts the net (recovery) charge-off activity for the three months ended March 31, 2023 and 2022:

Partners Bancorp Reports Results of Operations for the Fourth Quarter and Full Year 2022

Retrieved on: 
Wednesday, February 22, 2023
Paycheck Protection Program, Small business, Maintenance, Acquisition, Tripura Merger Agreement, Liberty Bell Bank, Bank, Advertising, Tax, COVID-19, FDIC, Insurance, Travel, OceanFirst Bank, Sale, Interest, PPP, Uncertainty, Federal Home Loan Banks, Growth, Total, Environment, Agreement, External commercial borrowing, Marketing, Telephone, Plan, Printing, LINK, Disposable household and per capita income, Forgiveness, Software, Small Business Administration, ATM, Lifting, Loss, 26th Street/Bergamot station, VISA, Cryptocurrency, Airline, Real estate, Drug, Life insurance, Video game, Limestone, Washington metropolitan area, Delmarva Peninsula

During 2022, our net interest margin improved by 0.46%, compared to 2021, and the net interest margin for the fourth quarter of 2022 improved by 0.51% when compared to the third quarter of 2022.

Key Points: 
  • During 2022, our net interest margin improved by 0.46%, compared to 2021, and the net interest margin for the fourth quarter of 2022 improved by 0.51% when compared to the third quarter of 2022.
  • Other income in the fourth quarter of 2022 decreased by $563 thousand, or 31.7%, when compared to the fourth quarter of 2021.
  • Other expenses in the fourth quarter of 2022 decreased by $745 thousand, or 6.2%, when compared to the fourth quarter of 2021.
  • The following table depicts the net charge-off activity for the three and twelve months ended December 31, 2022 and 2021:

Partners Bancorp Announces Completion of CEO Transition

Retrieved on: 
Thursday, December 8, 2022
Plata, Securities & Exchange Commission of Pakistan, Liberty Bell Bank, Employment, Security (finance), Bank, Risk, III, Senior, Management

SALISBURY, Md., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Partners Bancorp (NASDAQ: PTRS) (the “Company”), the parent company of The Bank of Delmarva, Seaford, Delaware, and Virginia Partners Bank, Fredericksburg, Virginia, announced that, as planned, John W. Breda has succeeded Lloyd B. Harrison, III as Chief Executive Officer of the Company (the “CEO Transition”).

Key Points: 
  • SALISBURY, Md., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Partners Bancorp (NASDAQ: PTRS) (the “Company”), the parent company of The Bank of Delmarva, Seaford, Delaware, and Virginia Partners Bank, Fredericksburg, Virginia, announced that, as planned, John W. Breda has succeeded Lloyd B. Harrison, III as Chief Executive Officer of the Company (the “CEO Transition”).
  • The CEO Transition was completed in accordance with the terms of Mr. Breda’s and Mr. Harrison’s employment agreements with the Company, as amended.
  • “On behalf of the Board of Directors, I want to thank Lloyd for his excellent service as the Company’s CEO and his leadership following the combination of Virginia Partners Bank and The Bank of Delmarva that created Partners Bancorp,” said Jeffrey F. Turner, Chairman of the Company’s Board of Directors.
  • In Maryland, Virginia Partners Bank trades under the name Maryland Partners Bank (a division of Virginia Partners Bank), and operates a full service branch and commercial banking office in La Plata, Maryland and a Loan Production Office in Annapolis, Maryland.

OceanFirst Financial Corp. and Partners Bancorp Announce Mutual Termination of Merger Agreement

Retrieved on: 
Wednesday, November 9, 2022
Plata, GLOBE, Private Securities Litigation Reform Act, Forward-looking statement, U.S. Securities and Exchange Commission, Communication, BANK, Securities Act of 1933, OceanFirst Bank, Bank, Annual report, NASDAQ, Partner, Securities Exchange Act of 1934, Time, Security (finance), OCFC, RED, Liberty Bell Bank, Trust, Financial services

The termination was approved by both companies boards of directors after careful consideration of the proposed merger and the progress made towards completing the proposed merger.

Key Points: 
  • The termination was approved by both companies boards of directors after careful consideration of the proposed merger and the progress made towards completing the proposed merger.
  • OceanFirst Financial Corp.s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $12.7 billion regional bank providing financial services throughout New Jersey and the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston.
  • Partners Bancorp is the holding company for The Bank of Delmarva and Virginia Partners Bank.
  • Neither OceanFirst nor Partners Bancorp assumes any duty or obligation (and does not undertake) to update or supplement any forward-looking statements.

OceanFirst Financial Corp. and Partners Bancorp Announce Merger Agreement

Retrieved on: 
Thursday, November 4, 2021
Slate, Plata, Efficiency, OceanFirst Bank, Organization, Partnership, U.S. Securities and Exchange Commission, Board of directors, Sumathi Best Television Current Reporting Award, Communication, Securities Act of 1933, Prospectus, Acquisition, GLOBE, Bank holding company, Securities Exchange Act of 1934, Reading, Bank, Transaction, Partner, Security (finance), Private Securities Litigation Reform Act, Director, Skadden, Annual report, Internet, Liberty Bell Bank, III, Trust, SEC, Growth, Sale, BANK, Form, OCFC, Technology, Person, NASDAQ, RED, Review, Time, Forward-looking statement, Investor relations, Proxy, Ownership, Cryptocurrency

(OceanFirst Bank), and Partners Bancorp (NASDAQ: PTRS) (Partners), parent company of The Bank of Delmarva (and its division, Liberty Bell Bank), headquartered in Seaford, Delaware, and Virginia Partners Bank (and its division Maryland Partners Bank), headquartered in Fredericksburg, Virginia, jointly announced today that they have entered into a definitive agreement and plan of merger pursuant to which Partners will merge into OceanFirst, with OceanFirst surviving.

Key Points: 
  • (OceanFirst Bank), and Partners Bancorp (NASDAQ: PTRS) (Partners), parent company of The Bank of Delmarva (and its division, Liberty Bell Bank), headquartered in Seaford, Delaware, and Virginia Partners Bank (and its division Maryland Partners Bank), headquartered in Fredericksburg, Virginia, jointly announced today that they have entered into a definitive agreement and plan of merger pursuant to which Partners will merge into OceanFirst, with OceanFirst surviving.
  • Upon completion of the Partners merger, The Bank of Delmarva and Virginia Partners Bank will each successively merge into OceanFirst Bank, with OceanFirst Bank surviving each bank merger.
  • Before making any voting or investment decision, the investors and stockholders of Partners Bancorp are urged to carefully read the entire prospectus of OceanFirst and proxy statement of Partners Bancorp when they become available and any other documents filed by OceanFirst or Partners Bancorp with the SEC, as well as any amendments or supplements to those documents, because they will contain important information about OceanFirst, Partners Bancorp and/or the proposed transaction.
  • When available, copies of the prospectus of OceanFirst and proxy statement of Partners Bancorp will be mailed to the stockholders of Partners Bancorp.

Mechanics Bank Announces $165 million Aggregate Special Dividend

Retrieved on: 
Saturday, July 24, 2021
Banking, Professional services, Finance, Bank, Economic history of Italy, Federal Deposit Insurance Corporation, Federal government of the United States, Government, Finance, Liberty Bell Bank, Radius Bank

Mechanics Bank (ticker: MCHB) today announced that its Board of Directors declared a special cash dividend, representing $2,569 per common share, payable on August 5, 2021 to all common stockholders of record as of the close of business on August 2, 2021.

Key Points: 
  • Mechanics Bank (ticker: MCHB) today announced that its Board of Directors declared a special cash dividend, representing $2,569 per common share, payable on August 5, 2021 to all common stockholders of record as of the close of business on August 2, 2021.
  • Mechanics Bank is an independent, full-service community bank headquartered in Walnut Creek, California, with approximately $19 billion in assets, a best-in-class deposit franchise and 123 branches.
  • Mechanics Bank provides a highly personalized relationship banking experience that includes consumer and business banking services, commercial lending, cash management services, and comprehensive trust, investment and wealth management services.
  • Mechanics Bank is a Member FDIC institution and Equal Housing Lender.

Flushing Financial Corporation to Host Second Quarter 2021 Earnings Call

Retrieved on: 
Thursday, July 1, 2021
Money, Finance, Economy, Bank, Economic history of Italy, Mortgage loan, Liberty Bell Bank, Sun National Bank

FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York Statechartered commercial bank insured by the Federal Deposit Insurance Corporation.

Key Points: 
  • FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York Statechartered commercial bank insured by the Federal Deposit Insurance Corporation.
  • As a leader in real estate lending, the Banks experienced lending team creates mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area.
  • Flushing Bank is an Equal Housing Lender.
  • The Bank also operates an online banking division consisting of iGObanking.com, which offers competitively priced deposit products to consumers nationwide, and BankPurely, an eco-friendly, healthier lifestyle community brand.

Flushing Financial Corporation to Host First Quarter 2021 Earnings Call

Retrieved on: 
Thursday, April 1, 2021
Economy, Finance, Money, Bank, Economic history of Italy, Mortgage loan, Mortgage industry of the United States, Liberty Bell Bank, Sun National Bank

FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York Statechartered commercial bank insured by the Federal Deposit Insurance Corporation.

Key Points: 
  • FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York Statechartered commercial bank insured by the Federal Deposit Insurance Corporation.
  • As a leader in real estate lending, the Banks experienced lending team creates mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area.
  • Flushing Bank is an Equal Housing Lender.
  • The Bank also operates an online banking division consisting of iGObanking.com, which offers competitively priced deposit products to consumers nationwide, and BankPurely, an eco-friendly, healthier lifestyle community brand.

Flushing Financial Corporation to Host Fourth Quarter 2020 Earnings Call

Retrieved on: 
Tuesday, January 5, 2021
Economy, Finance, Money, Bank, Economic history of Italy, Mortgage loan, Mortgage industry of the United States, Liberty Bell Bank, Sun National Bank

FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York Statechartered commercial bank insured by the Federal Deposit Insurance Corporation.

Key Points: 
  • FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York Statechartered commercial bank insured by the Federal Deposit Insurance Corporation.
  • As a leader in real estate lending, the Banks experienced lending team creates mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area.
  • Flushing Bank is an Equal Housing Lender.
  • The Bank also operates an online banking division consisting of iGObanking.com, which offers competitively priced deposit products to consumers nationwide, and BankPurely, an eco-friendly, healthier lifestyle community brand.