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NASDAQ:IBNK, NASDAQ:FPBN, NASDAQ:BOFL were the Biggest Losing Financial Stocks as Reported by Penny Stock Pick Alert

Integra Bank Corporation NASDAQ:IBNK dropped 14.71% and the last traded price was $0.870

 



(EMAILWIRE.COM, October 30, 2009 )
Dallas, TX - Integra Bank Corporation (NASDAQ:IBNK) dropped 14.71% and the last traded price was $0.870 after the company today reported financial results for the third quarter of 2009. The net loss available to common shareholders for the third quarter of 2009 was $20.9 million, or $1.01 per diluted share, compared to $49.6 million, or $2.39 per diluted share for the second quarter of 2009. The provision for loan losses was $18.9 million, down $13.6 million from $32.5 million during the second quarter of 2009, while net charge-offs totaled $20.0 million, or 3.42% of total loans on an annualized basis, down $8.8 million from $28.8 million, or 4.80% of total loans annualized for the second quarter of 2009.

1st Pacific Bancorp (NASDAQ:FPBN) slipped $0.426 or 31.19% to close at $0.940 on a volume of over 89K shares after 1st Pacific Bancorp and First Business Bank, N.A. announced the termination of the agreement and plan of merger dated July 16, 2009, and the proposed merger transaction contemplated therein. 1st Pacific Bancorp is a bank holding company. 1st Pacific Bank of California is a wholly owned subsidiary of the Company. The Bank operates as a commercial bank.

Bank of Florida Corporation (NASDAQ:BOFL) was also the active loser in today’s trading session and fell 11.36% to end the day at $156 on unusual volume of over 69K shares. The stock hit an intraday high and intraday low $1.79 and $1.52 respectively. So far the stock price went down over 53% in last six months. The Banks offer a range of interest bearing and non-interest bearing accounts, including commercial and retail checking accounts, money market accounts, individual retirement accounts, regular interest bearing statement savings accounts and certificates of deposit.

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