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+Vote!

Century Bancorp, Inc. Reauthorizes Stock Repurchase Program

MEDFORD, Mass.--(BUSINESS WIRE)--Century Bancorp Inc. (NASDAQ:CNBKA) (www.century-bank.com), the parent company of Century

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Sun Bancorp 2Q loan-loss provision $6.5M

Sun Bancorp Inc. said Thursday it incurred a second-quarter loan-loss provision of $6.5 million. (SNBC)

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IndyMac to lay off 3,800, halts new loans

Facing increasing losses and regulatory pressure, IndyMac Bancorp Inc. on Monday said it would close its forward mortgage business, and cut more than half of its 7,200-person work force. (IMB)

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IndyMac to lay off 3,800, halts new loans

Facing increasing losses and regulatory pressure, IndyMac Bancorp Inc. on Monday said it would close its forward mortgage business, and cut more than half of its 7,200-person work force. (IMB)

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Fitch Downgrades Indymac's IDR to 'CC' on Capital Concerns

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded the long-term Issuer Default Ratings (IDRs) of Indymac Bancorp Inc. (IMB) and its wholly owned bank subsidiary, Indymac Bank FSB (the

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Beneficial Mutual buying shares for incentive plan

Beneficial Mutual Bancorp Inc. said Tuesday it has authorized the funding of a trust that will buy up to 1.6 million shares, or about 1.96 percent, of the company's outstanding common stock. (BNCL)

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IndyMac stops new loans, to cut work force by half

Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force. The...

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IndyMac stops new loans, to cut work force by half (AP)

AP - Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.

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IndyMac stops new loans, to cut work force by half

Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.

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IndyMac says withdrawals are at an 'elevated' pace

Mortgage lender IndyMac Bancorp Inc. said yesterday depositors had been withdrawing cash at an ''elevated'' pace since a key U.S. senator questioned its ability to survive the housing crisis. IndyMac shares sank 27 cents, or 38 per cent to 44 cents (U.S.). A collapse of the largest independent, publicly traded U.S. mortgage lender could prove a headache for regulators since more than...

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IndyMac stops new loans, slash work force

Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions.

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IndyMac Depositors Pull Cash As Mortgage Woe Soars

IndyMac Bancorp Inc. said on Tuesday depositors were withdrawing cash at an "elevated" pace after a key U.S. senator questioned the big mortgage lender's ability to survive the U.S. housing crisis. Shares of IndyMac, the largest independent, publicly traded U.S. mortgage lender, fell as much as 52 percent. Paul Miller, a Friedman, Billings, Ramsey & Co analyst, said shareholders could...

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IndyMac woes could spell trouble for regional banks

(This article was originally published Monday) NEW YORK (MarketWatch) -- For troubled regional banks that need new capital, the stakes are becoming a matter of survival. On Monday, IndyMac Bancorp Inc. , a West Coast lender struggling with rising consumer loan delinquencies and fast-depleting cash reserves, said it is under heavy pressure from regulators to shrink its business quickly....

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IndyMac halts new loans, to lay off 3,800

Facing increasing losses and regulatory pressure, IndyMac Bancorp Inc. on Monday said it would close its forward mortgage business, and cut more than half of its 7,200-person work force. (IMB)

+Vote!

IndyMac to lay off 3,800, halts new loans

Facing increasing losses and regulatory pressure, IndyMac Bancorp Inc. on Monday said it would close its forward mortgage business, and cut more than half of its 7,200-person work force. (IMB)