Seacoast Financial Services Corp.

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seacoast financial services corp. - All News and Analysis

• Seacoast Financial Services Corporation Declares Quarterly Dividend

  - 2004-07-02

  NEW BEDFORD, Mass. -- Seacoast Financial Services Corporation (NASDAQ: SCFS) holding company for Compass Bank and Nantucket Bank, today announced a quarterly cash dividend of $0.14 per share. The dividend is payable on July 22, 2004 to stockholders of record on July 12, 2004. The foregoing contains forward-looking statements...

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• Seacoast Financial Services Corporation Announces First Quarter 2004 Results, Dividend; Receipt of Approvals for Abington Merger

  - 2004-04-22

  Business Editors NEW BEDFORD, Mass.--BUSINESS WIRE--April 22, 2004 Seacoast Financial Services Corporation (NASDAQ: SCFS) holding company for Compass Bank and Nantucket Bank, today announced net income of $6.7 million, or $0.26 per diluted share, for the quarter ended March 31, 2004, compared to a net loss of $3.1...

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• Sovereign Bancorp to Acquire Seacoast Financial Services for 4.77 Times Revenue

  - 2004-02-09

  The Deal: Sovereign Bancorp has agreed to acquire Seacoast Financial Services Corporation for about $1.1 billion in stock. Under the terms of the agreement, Sovereign will exchange 1.461 Sovereign shares for each share of Seacoast with an implied value of approximately $35 per outstanding share of Seacoast.Discussion: Seacoast Financial Services...

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• Seacoast Financial Services to acquire Abington Bancorp for 2.35 times revenue

  - 2003-10-27

  The Deal: Seacoast Financial Services Corporation has agreed to purchase Abington Bancorp Inc. in a cash and stock deal valued at $139.5 million. Shareholders of Abington Bancorp will be entitled to receive $34 in cash, 1.4468 common shares of Seacoast, or a combination of the two in exchange for each...

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• Seacoast Financial Services to Buy Massachusetts-Based Abington Bancorp.

  - 2003-10-22

  By David McPherson, Providence Journal, R.I. Knight Ridder/Tribune Business News Oct. 22--Five months after entering the Boston banking market, Seacoast Financial Services Corp. yesterday announced a $140-million deal that will add 17 new branches to its CompassBank subsidiary. The...

  Tags: Abington Bancorp Inc., Seacoast Financial Services Corp.

• New Bedford, R.I.-Based Bank Company Loses $3 Million in First Quarter 2003.

  - 2003-04-26

  By David McPherson, Providence Journal, R.I. Knight Ridder/Tribune Business News Apr. 26--A change in Massachusetts tax law caused Seacoast Financial Services Corp., the New Bedford-based parent of CompassBank, to post a $3-million loss in the first quarter. In March,...

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• Seacoast Financial Services Corporation Reserves for Potential State Tax Liability

  - 2003-03-06

  Business Editors NEW BEDFORD, Mass.--BUSINESS WIRE--March 6, 2003 Seacoast Financial Services Corporation (Nasdaq: SCFS), holding company for CompassBank and Nantucket Bank, announced today that it will record a provision in the first quarter of 2003 of approximately $11.2 million, representing an estimate of the additional state tax liability,...

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• Seacoast Financial Services Corporation Appoints Two Senior Officers

  - 2003-03-03

  Business Editors NEW BEDFORD, Mass.--BUSINESS WIRE--March 3, 2003 Seacoast Financial Services Corporation (NASDAQ: SCFS) announced today the appointment of two new senior officers to its subsidiary, CompassBank. Joseph F. Casey has joined CompassBank as Senior Vice President, Chief Financial Officer and Treasurer. Mr. Casey will also serve...

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• Seacoast Financial Services Corporation Announces Record Earnings for 2002 and 9% Increase in Quarterly Cash Dividend

  - 2003-01-23

  Business Editors NEW BEDFORD, Mass.--BUSINESS WIRE--Jan. 23, 2003 Seacoast Financial Services Corporation (Nasdaq: SCFS) holding company for Compass Bank and Nantucket Bank, today announced record earnings for 2002. For the year ended December 31, 2002, net income was $36.6 million, or $1.57 per diluted share, compared to net...

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• New Bedford, Mass.-Based CompassBank Expands Territory.

  - 2002-12-21

  By David McPherson, Providence Journal, R.I. Knight Ridder/Tribune Business News Dec. 21--CompassBank is moving north. The New Bedford-based institution will move well beyond its Southeastern Massachusetts base under a proposed $138-million deal to buy a small Boston-area bank. ...

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