Article Abstract:
1st United Bancorp's share has risen by 25% since Nov. 1996 caused by increased earnings and sales. The upward trend for 1st United shares have prompted its executives to buy more stocks in Jan. 27-31, 1997 totaling 7,000 shares. Director Herman Jeffer purchased 2,000 shares while Director Maxwell King bought 4,000 shares. Director Billie McCutchen also purchased 1,000 shares. Lastly, President Warren Orlando held back 150,000 shares by exercising his stock options.
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Article Abstract:
Insiders at Imperial Bancorp sold 1,111,012 shares at costs in the $20 range. The activity reflected historically high numbers for Imperial Bancorp. Director H. Wayne Snavely sold 769,542 of trust shares and 115,079 of his own shares. Bank shares are traded in the $23 range as of Oct. 1995. Imperial Bancorp provides commerical banking services in California and is a holding company of Imperial Bank.
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Article Abstract:
The insider selling of St. Paul Bancorp Inc. shares showed a marked increase between Aug. 2 and Oct. 31, 1996 with 11 insiders disposing of 123,794 shares at $23.75 to $26.38. These figures raise the total shares sold in 1996 to 225,294, up from the 50,000 share per year average since 1989 and 1990. The sales are attributed to rumors that merger activities in the region could affect the company.
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