First Niagara Added to the Russell 1000 Index

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City of Industry, CA --(www.USEquityNews.com)-- 07/01/2009 - Savings and Loans industry alert provided by U.S. Equity News. -- Steady performance and recent equity offerings totaling $495 million, have positioned First Niagara as a leader in the financial services industry and as an attractive investment option for the institutional investment community --


LOCKPORT, N.Y., June 30 /PRNewswire-FirstCall/ -- Russell Investments announced that it reconstituted its comprehensive family of U.S. and global indexes yesterday, and First Niagara Financial Group, Inc. (Nasdaq: FNFG) was one of the companies in the financial services sector added to the large-cap Russell 1000 index. The company was previously listed in the Russell 2000 Index.

Annual reconstitution of the Russell indexes captures the 3,000 largest U.S. Stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The largest 1,000 companies in the ranking comprise the large-cap Russell 1000 while the remaining 2,000 companies become the small-cap Russell 2000. [Read the full article]

LAKE SUCCESS, N.Y., June 30 /PRNewswire-FirstCall/ -- Astoria Financial Corporation (NYSE: AF), announced that it expects to report second quarter 2009 earnings on Wednesday, July 22, 2009 at approximately 5:00 p.m. Eastern Time (ET). A copy of the news release will be immediately available on its web site, www.astoriafederal.com.

The Company also announced that George L. Engelke, Jr., Chairman & CEO of Astoria will host an earnings conference call on Thursday, July 23, 2009 at 10:00 a.m. (ET).

Toll-free dial-in: (888) 562-3356 Conference ID: 14032640
International dial-in: (973) 582-2700 Conference ID: 14032640

A simultaneous webcast of the conference call will also be available on the Company's web site at www.astoriafederal.com and will be archived for one year.

A telephone replay will be available on Thursday, July 23, 2009 from 1:00 p.m. (ET) through Friday, July 31, 2009, 11:59 p.m. [Read the full article]

SIOUX FALLS, S.D., June 30 /PRNewswire-FirstCall/ -- HF Financial Corp. (Nasdaq: HFFC), today announced that it has completed its repurchase from the United States Department of the Treasury of a warrant to purchase 302,419 shares of the Company's Common Stock at an exercise price of $12.40 per share. The Warrant was issued to the Treasury in connection with the sale by the Company of 25,000 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share. The repurchase price of the preferred stock was $25 million plus a final accrued dividend of $62,500. The preferred stock and warrant were issued to the Treasury on November 21, 2008 as part of the voluntary Capital Purchase Program (CPP). Pursuant to the terms of the Warrant Repurchase agreement, the Company repurchased the Warrant for a purchase price of $650,000. [Read the full article]

TROY, Mich., June 30 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company of Flagstar Bank FSB, today reported the completion of an investment of $50 million from MP Thrift Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global Partners III LLC. With today's investment, MatlinPatterson has invested the entire $100 million in equity capital that MatlinPatterson had agreed to purchase from Flagstar on January 30, 2009, and is in addition to the $250 million investment made by MatlinPatterson on January 30, 2009. In return for its investment, Flagstar issued to MatlinPatterson 50,000 convertible trust preferred securities each with a liquidation preference of $1,000 per security. The convertible trust preferred securities qualify as Tier I regulatory capital subject to certain limitations. [Read the full article]

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