Investors Applaud Provident Bank Acquisition, Rubatex Information

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Investors Applaud Provident Bank Acquisition

By Alan Fein

Rubatex Msds Investors pushed Provident Bank Corp.'s shares up 18 cents, or 1.53%, to $11.92 at the close Friday in anticipation of its closing the Warwick Community Bancorp, Inc. acquisition.

(34) LLB (Hons), MA Sonja has been an executive director at WDB Investment Holdings since 2002 playing an important role in the design and execution of transactions and the management of ongoing investment relationships. She was previously a vice president in the investment banking division of Deutsche Bank, where she gained more than five years' experience in advisory work on Mergers & Acquisitions and Corporate Finance. She has specific experience in advising government on the sale of assets and potential investors on purchasing or disposing of equity stakes in companies.

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Rubatex Pipe Oct 2, 2004 (AXcess News) Montebello NY - Investors pushed Provident Bank Corp.'s (NASDAQ: PBCP) shares up 18 cents, or 1.53%, to $11.92 at the close Friday in anticipation of its closing the Warwick Community Bancorp, Inc. acquisition.

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Rubatex Pipe Insulation If there ever was a bank on the prowl for strategic growth its Provident. The Warwick deal only cost shareholders $147.2 million; $72 million in cash and 6,257,892 shares. Yet it moved the bank into a strategic position in two states and that's where Provident chose wisely in buying Warwick Community Bancorp, bringing its total to 36 branches in New York and New Jersey.The bank said that as a result of the acquisition its assets have grown to $2.5 billion.

to exercise its option to sell a Verizon Wireless stake that is valued at $10 billion. 17 p.m. LSE shareholders approved the acquisition of Italy's Borsa Italiana, a deal that may thwart a takeover by Nasdaq. 27 p.m. Friends Provident says it is unlikely that its planned merger with rival U.K. insurer Resolution will fall through. 41 p.m.

Rubatex 180 Direct competitors shares mostly closed up at the end of trading Friday.

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Rubatex 180 Fs Bank of New York (NYSE: BK) closed up 48 cents at $29.65. The bank said Friday that it would release its earning results on the 20th.

Rubatex 1800 North Fork Bancorp Inc (NYSE: NFB) closed up 60 cents at $40.05. Fitch cut its debt ratings on North Fork Bancorp Friday.

USB Holding Company Inc (NYSE: UBH) closed down 11 cents at $25.17. USB said it was hiring an advisor to explore opportunities which showed investor uneasiness as its stock slid.AdvertisementAXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.