| Deteriorating real estate values hit Bank of Florida earnings
Bank of Florida Corp. said it had a net loss of $970,000, or 8 cents a share, in the fourth quarter ended Dec. 31, compared to net income of $677,000, or 7 cents a share, in the same quarter in 2006. The fourth quarter results pulled down earnings for the full year of 2007, according to a release. For the 12 months ended Dec. 31, Bank of Florida had net income of $2.7 million, compared to $2.3 million in the prior year, but with fewer shares outstanding, earnings per share for 2007 were 23 cents a share, down 18 percent from the 28 cents a share reported a year ago. During the fourth quarter, the bank took a $2.7 million loan loss provision after identifying certain commercial real estate loans that were impacted by current market conditions in southwest Florida, especially in Lee County, where deterioration of real estate values has been among the sharpest in the state, Michael McMullan, president and chief executive, said in the release.
1/25: 99X ends with Green Day
Meanwhile, the new 100.5 format will be introduced at 6 a.m. Monday. At 10 a.m., 100.5 began looping a fake contest offering eight format choices they want listeners to "vote" on, none of which will likely be the actual format. Most are redundant or not commercially viable anymore though a couple could possibly do fine in this market. The eight "formats" are "Trickle," a soft soft rock station, an oldies station, yet another country station, a "death metal" station, an FM talk station, a comedy channel (cue satellite radio!), a "silence" channel and an all-sound effects channel. Somehow, polka and all-Elvis didn't make the cut. Seriously, the station will be a rock format on Monday. Realistically, Rock 100.5 could sound like the old 96rock and straddle between Project and the River.
AIADA Establishes Partnership with Moneris Solutions for Dealership ...
ALEXANDRIA, Va., Jan. 14 /PRNewswire/ -- The American International Automobile Dealers Association today announced a new affinity partnership with Moneris Solutions, designed to provide dealer members with exclusive pricing on merchant card processing, check guarantee and conversion, gift cards and ACH/EFT processing. Moneris Solutions is one of North America's largest payments processors with a roster of clients that include numerous Acura, Lexus, Mercedes-Benz and other leading car dealerships. "As more and more customers seek to pay by credit and debit card, and check services become a critical component to closing deals, the ability to accept any type of payment has become a fundamental element in maintaining dealership customer satisfaction," said AIADA President Cody Lusk.
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