bancorp inc

Bernard Trager, the longtime chairman and founder of bank holding company Republic Bancorp Inc., has died. He was 83.

Federal regulators have accused BankAtlantic Bancorp Inc., the parent of one of Florida's biggest banks, and its chief executive of misleading investors about the bank's financial health as its holdings of commercial real estate loans soured in 2007.

OceanFreight Inc. (Nasdaq: OCNFD) 76.2% HIGHER; DryShips agreed to acquire the outstanding shares of OceanFreight for consideration per share of $19.85, consisting of $11.25 in cash and 0.52326 of a share of common stock of Ocean Rig UDW Inc.

Southwest Bancorp Inc. (Nasdaq: OKSB) 35.0% LOWER; reports Q2 loss of $0.21 per share, vs. the analyst estimate of $0.07.

The company said it will defer dividend payments related to its trust preferred shares.

VAX Diagnostics, Inc. (AMEX: IVD) 50% HIGHER; announced that they have received U.S. FDA clearance for the 510(k) premarket submission for Mago 4S.

Pluristem Therapeutics Inc. (Nasdaq: PSTI) 10% LOWER; announced plans to offer common stock and warrants to purchase its common stock.

Netflix, Inc. (NASDAQ: NFLX) 8.1% HIGHER; reported Q4 EPS of $0.87, $0.16 better than the analyst estimate of $0.71.

Revenue for the quarter came in at $596 million versus the consensus estimate of $597.23 million.

Danvers Bancorp, Inc. (Nasdaq: DNBK) 29.3% HIGHER; People's United Financial, Inc. (Nasdaq: PBCT) and Danvars announced that they have entered into an agreement pursuant to which People's United Financial will acquire Danvers Bancorp, in a 55% stock and 45% cash transaction valued at approximately $493 million.

Intuitive Surgical, Inc. (NASDAQ: ISRG) 11.9% HIGHER; reported Q4 EPS of $3.02, $0.78 better than the analyst estimate of $2.24.

Revenue for the quarter came in at $389 million versus the consensus estimate of $367.65 million.

Sulphco Inc. (NYSE: SUF) 50% LOWER; announced today that it has received notice from the mid-stream energy company with which it has been discussing potential commercial options that it has chosen not to move forward with commercial negotiations at the present time.

Additionally, the company cancelled a 5 million registered direct offering of common stock which would have been offered at $0.50 per share.

Flagstar Bancorp Inc. (NYSE: FBC) 42.7% LOWER; reports Q3 loss of $0.15, vs.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before The Market Opens Economics: 8:30am EDT

• Personal Income - Street sees 0.3%
• Personal Spending - Street sees 0.3%
• PCE Prices: Core - Street sees 0.1%

Earnings: BCB Bancorp Inc.

Alliance Bancorp Inc. of Pennsylvania is offering as many as 4.1 million shares at $10 apiece to convert Alliance Mutual Holding Co. to a stock holding company from a customer-owned one.

Comm Bancorp, Inc. (Nasdaq: CCBP) 50.2% HIGHER; F.N.B. Corporation (NYSE: FNB) and Comm Bancorp jointly announce the signing of a definitive merger agreement pursuant to which F.N.B.

Corporation will acquire Comm Bancorp, Inc. in a stock and cash transaction valued at approximately $70 million. Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, shareholders of Comm Bancorp, Inc. will be entitled to receive a fixed exchange ratio of 3.4545 shares of F.N.B.

Wilshire Bancorp, Inc. (Nasdaq: WIBC) 16.4% LOWER; expects to record a net loss for the second quarter of 2010.

The net loss is primarily attributable to an elevated provision for loan losses and an increase in net loan charge-offs.

Net loan charge-offs increased in the second quarter of 2010 due to write-downs that resulted from sales of non-performing and delinquent loans.