VantageSouth Bancshares, Inc. (NYSEMKT:VSB) has repurchased all of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A and its Fixed Rate Cumulative Perpetual Preferred Stock, Series B that it issued to the U.S. Department of the Treasury under the TARP Capital Purchase Program. VantageSouth paid 100% of the stated liquidation value, or $1,000 per share, plus $42,849 of accrued dividends and interest, for a total repurchase price of $42.8M. The company funded the repurchase with the proceeds of its previously announced $47M private placement of its common stock. VantageSouth Bancshares, Inc. (NYSEMKT:VSB) shares after opening at $7.00 on last trade day and at the end of the day closed at $7.15. Company price to sales ratio in past twelve months was calculated as 4.18 and price to cash ratio as 3.00. VantageSouth Bancshares, Inc. (NYSEMKT:VSB) showed a positive weekly performance of 6.88%.
United Bancorp Inc (Florida) (NASDAQ:FUBC), the holding company for 1st United Bank, a Florida chartered commercial bank, announced that its board of directors has declared a cash dividend of $0.02 per share on shares of 1st United common stock, payable on March 7, 2014 to shareholders of record as of the close of business on February 24, 2014. 1st United Bancorp Inc (Florida) (NASDAQ:FUBC) shares advanced 2.00% in last trading session and ended the day on $8.16. FUBC return on equity ratio is recorded as 3.00% and its return on assets is 0.40%. 1st United Bancorp Inc (Florida) (NASDAQ:FUBC) yearly performance is 29.73%.
Randy Eslick, President and Chief Executive Officer of Bank of Commerce Holdings (NASDAQ:BOCH), a $956 million bank holding company and parent company of Redding Bank of Commerce™ (the “Bank”), announced that the Board of Directors has authorized the repurchase of up to 700,000 shares, or 5% of the Company’s outstanding shares of common stock as of March 18, 2014, over a twelve-month period. Bank of Commerce Holdings (NASDAQ:BOCH) shares moved up 6.68% in last trading session and was closed at $6.87, while trading in range of $6.46 – $6.87. Bank of Commerce Holdings (NASDAQ:BOCH) year to date (YTD) performance is 20.32%.
First Citizens BancShares Inc. (NASDAQ:FCNCA) in Southern Pines, N.C., has hired a bank president. The $3.2 billion-asset company said in a press release Tuesday that Michael Mayer had been the chief executive of 1st Financial Services in Hendersonville, N.C. First Citizens BancShares (FCNCA) in Raleigh, N.C., bought 1st Financial earlier this year. First Citizens BancShares Inc. (NASDAQ:FCNCA) weekly performance is 2.43%. On last trading day company shares ended up $237.15. First Citizens BancShares Inc. (NASDAQ:FCNCA) distance from 50-day simple moving average (SMA50) is 6.28%.