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Walter T. Kaczmarek, President and CEO of Heritage Commerce Corp. (HTBK), Presents at KBW Investor Conference

July 30, 2014

Walter T. Kaczmarek, President and Chief Executive Officer of Heritage Commerce Corp. (HTBK), reported net interest income was up 13% in the second quarter of 2014 compared to last year, and net income was up 19% compared to 2013. He spoke on July 29 at the KBW Community Bank Investor Conference. “The company’s been known for years for its strong deposit base,” Kaczmarek said. “The loan portfolio is very diversified, as community banks go.” Commercial and industrial lending represents 42% of the bank’s portfolio, and another 22% is in owner-occupied commercial real estate, Kaczmarek said. FOR THE LATEST TWST BANKING REPORT, CLICK HERE...
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Joseph H. Towell, Chairman Yadkin Financial Corp (YDKN), Presents at KBW Community Bank Investor Conference

July 30, 2014

Joseph H. Towell, Chairman of the Board of Yadkin Financial Corporation (YDKN), said the bank’s recently completed merger with VantageSouth Bancshares gives the combined institution a solid market capitalization of nearly $600 million (pro forma). Towell spoke on July 29 at the KBW Community Bank Investor Conference. “There has been high quality, very focused dialogue and key decisions have been made in putting the two companies together,” Towell said. “We’re right on track there. I don’t think there will be any surprises.” FOR THE LATEST TWST BANKING REPORT, CLICK HERE. One of the keys to the merger’s success is the management teams coming together in the merger integration, Towell said...
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Richard P. Smith, President and CEO of TriCo Bancshares (TCBK), Presents at KBW Community Bank Conference

July 30, 2014

Richard P. Smith, President and CEO of TriCo Bancshares (TCBK), said the bank’s merger with North Valley Bancorp will create double-digit EPS accretion beginning in 2015. Smith spoke on July 29 at the KBW Community Bank Investor Conference. “We are continuing to be a steady dividend payer over long periods of time, for decades,” Smith said. “We still think that’s an important component of rewarding our shareholders.” FOR THE LATEST TWST BANKING REPORT, CLICK HERE. Smith said the $3.5 billion community bank will have about 80 branches from Bakersfield, Calif., to the Oregon border, with market share in the top three for 15 of the combined bank’s 26 counties of operation...
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Lumos Networks Corp (LMOS) Plans to Expand Enterprise Network

July 29, 2014

Lumos Networks Corp (LMOS) CEO Timothy Blitz says one of the key components of the company’s growth strategy will be to expand its enterprise network to more buildings in its footprint, including data centers. Currently, he says Lumos is connected to nearly 1,500 on-net buildings and 14 commercial data centers. “In early July, we announced our connection into the Peak 10 data center in Richmond, Virginia. We recently released our near-net building list of 15,000 buildings that are within a half-mile of our fiber network — to which we can easily extend fiber at the request of our partner on behalf of their customer,” Blitz says. “We believe that this formalized building list can help to accelerate the progress of our carrier end-user strategy...
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XG Technology Inc (XGTI) Eyes Opportunity in First-Responder Market

July 29, 2014

James Woodyatt, President of XG Technology Inc (XGTI) says the company is currently targeting the first-responder market. He says President Obama signed an order requiring first responders to have fail-safe communications by 2016. “This is a big problem because, if you think about it, fail-safe means that you must be able to bring communications capabilities with you, set them up and be operational really fast,” Woodyatt says. “So in the case of Hurricane Katrina, all of these wireless systems had cabinets at the base of their towers. Then, water covered all the cabinets and that was the end of that.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE...
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