FKFS First Keystone Financial, Inc. featured news, full reports, and detailed charts
First Keystone Financial, Inc. (FKFS) Wrap Up:
First Keystone Financial, Inc. (the "Company") is a Pennsylvania corporation and the sole shareholder of First Keystone Bank, a federally chartered stock savings bank (the "Bank"), which converted to the stock form of organization in January 1995. The only significant assets of the Company are the capital stock of the Bank, the Company's loan to its employee stock ownership plan, and various equity and other investments. See Note 17 of the Notes to Consolidated Financial Statements for the fiscal year ended September 30, 2007 set forth in Item 8 hereof, "Financial Statements and Supplementary Data." The primary business of the Company consists of operating the Bank. The Bank is a community oriented bank emphasizing customer service and convenience. The Bank's primary business is attracting deposits from the general public and using those funds together with other available sources of funds, primarily borrowings, to originate loans. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f12%2f28%2f0000893220-07-004065.html#FIS_BUSINESS"www.firstkeystone.com
92 Employees
Founded in 1994
First Keystone Financial Inc. (FKFS:NASDAQ)
LAST $11.79 USD
CHANGE TODAY -0.09 -0.76%
VOLUME 800.0
As of 3:50 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of First Keystone Financial Inc. (FKFS)
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OPEN
$11.90
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PREVIOUS CLOSE
$11.88
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DAY HIGH
$11.90
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DAY LOW
$11.79
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52 WEEK HIGH
11/4/09 - $12.24
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52 WEEK LOW
03/5/09 - $6.30
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MARKET CAP
28.7M
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AVERAGE VOLUME 3 mo
8.2K
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DILUTED EPS TTM
$-1.25
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SHARES OUTSTANDING
2.4M
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FKFS Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
FKFS Top Compensated Officers
Mr. Dennis G. Clark
Chief Lending Officer of First Keystone Bank ...
Age: 55
Total Annual Compensation: $129.8K
Ms. Robin G. Otto
Senior Vice President of Retail Delivery and ...
Age: 51
Total Annual Compensation: $114.2K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for First Keystone Financial Inc. (FKFS)
First Keystone Financial Inc. Appoints David M. Takats as Senior Vice President and Chief Financial Officer
08/13/2009
The Board of Directors of First Keystone Financial Inc. announced the appointment of David M. Takats as Senior Vice President and Chief Financial Officer of both the company. Mr. Takats has served as Vice President and Controller of the company and the Bank from August 2008 to August 2009, as Administrative Vice President and Controller from April 2005 to July 2008, and as Administrative Vice President and Accounting Manager from June 2000 to March 2005. Prior to joining the Bank, Mr. Takats was a Senior Staff Accountant for Rosenbluth International and the Executive Vice President and Controller of Heaven Sent Couriers, both based in Philadelphia, PA.
First Keystone Financial Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2009
08/13/2009
First Keystone Financial Inc. reported earnings results for the third quarter and nine months ended June 30, 2009. The company reported a net loss for the quarter ended June 30, 2009 of $353,000, or $0.15 per diluted share, compared to net income of $243,000, or $0.10 per diluted share, for the same period last year. Net interest income increased $440,000, or 16.9%, to $3.0 million for the three months ended June 30, 2009, as compared to the same period in 2008. The increase in net interest income for the three months ended June 30, 2009 was primarily due to a decrease in interest expense of $932,000 or 23.7%, partially offset by a decrease in interest income of $492,000, or 7.5%, as compared to the same period in 2008. Loss before taxes was $0.59 million compared to Income before taxes of $0.26 million in the previous year period. Negative return on average assets was negative 0.28% compared to return on average assets of 0.19% in the previous year period. Negative return on average equity was negative 4.26% compared to return on average equity of 2.76% in the previous year period. For the nine months ended June 30, 2009, net loss was $1.2 million, or $0.53 per diluted share, as compared to net income of $682,000, or $0.29 per diluted share, for the same period in 2008. Net interest income was $8.69 million compared to $7.56 in the previous year period. Loss before taxes was $1.77 million compared to Income before taxes of $0.72 million in the previous year period. Negative return on average assets was negative 0.33% compared to return on average assets of 0.18% in the previous year period. Negative return on average equity was negative 4.97% compared to return on average equity of 2.56% in the previous year period. Book value per share as on June 30, 2009 was $13.44.
First Keystone Financial Inc. Appoints Bruce E. Miller to the Board of Directors
06/26/2009
The board of directors of First Keystone Financial Inc. appointed, effective June 24, 2009, Bruce E. Miller to the board of directors of the company. Mr. Miller currently serves as a director of the company's wholly owned subsidiary, First Keystone Bank.
FKFS Competitors
| Company | Last | Change |
| Elmira Savings Bank FSB | $15.47 USD | 0.00 |
| Fidelity Bancorp Inc | $5.30 USD | -0.10 |
| Pamrapo Bancorp Inc | $7.80 USD | +0.29 |
| Parke Bancorp Inc | $8.08 USD | -0.64 |
| WVS Financial Corp | $15.24 USD | +0.01 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | FKFS | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 3.0x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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FKFS |
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FKFS transactions
| Type Date |
Target |
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Merger/Acquisition
November 3, 2009 |
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More Recent News About First Keystone Financial, Inc.
More news for FKFS
FIRST KEYSTONE FINANCIAL INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure,
Show all filings for FIRST KEYSTONE FINANCIAL INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for FIRST KEYSTONE FINANCIAL INC 13-Aug-2009Change in Directors or Principal Officers, Regulation FD Disclosure, Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All in...Click here to read the whole Article (external link)
Northeastern Community Banks Superior Credit Profile Than National Average Creates Greater Return In Economic Recovery
67 WALL STREET, New York - October 13, 2009 - The Wall Street Transcript has just published its Northeast and Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 121 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Mortgage Situation -- Regional Banks Mergers and Acquisitions Timing Strategy -- Commercial Mortgage Portfolio Decay -- Timing Of Commercial Mortgage Portfolio Bad Debt Write Offs-- FDIC Hit List For Bank Closings -- Mutual Holding Company Structure -- Interest Rate Scenarios -- Banking Pricing Power -- Expensive Bank Valuations -- Tangible Book As Guide For Bank Stock Pricing -- Distressed Sales Of Community and Regional Banks -- TARP Program -- Attitude Of Institutional Investors Towards Resurgence in Community Banking -- Unique Business Models -- Regional Bank Boards Looking For Exit Companies include: BB and T (BBT); Colonial (CNB); First Niagara (FNFG); PNC (PNC); National City (NCC-PA); Harleysville National (HNBC); Citizens First Bancorp (CTZN); Regions Financial (RF); Bank of America (BAC); SunTrust Banks (STI); Pinnacle Financial (PNFP); Northwest Bancorp Inc. (NWSB); Beneficial (BNCL); Investor Savings Bancorp (ISBC); Territorial Bancorp (TBNK); FNB Bancorp (FNBG.OB); National Penn (NPBC); Trustco Bank (TRST); KeyBank (KEY); M and T Bank (MTB); New York Community Bancorp (NYB); Bank of New York Mellon (BK); W...Click here to read the whole Article (external link)
FIRST KEYSTONE FINANCIAL INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
FIRST KEYSTONE FINANCIAL INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations In addition to historical information, this Quarterly Report on Form 10-Q includes certain "forward-looking statements" based on management's current expectations. The Company's actual results could differ materially, as such term is defined in the Securities Act of 1933 and the Securities Exchange Act of 1934, from management's expectations. Such forward-looking statements include statements regarding management's current intentions, beliefs or expectations as well as the assumptions on which such statements are based. These forward-looking statements are subject to significant business, economic and competitive uncertainties and contingencies, many of which are not subject to the Company's control. Existing stockholders and potential stockholders of the Company are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause future results to vary from current management expectations include, but are not limited to, general economic conditions, legislative and regulatory changes, monetary and fiscal policies of the federal government, changes in tax policies, rates and regulations of federal, state and local tax authorities, changes in interest rates, deposit flows, the cost of funds, demand for loan products, demand for financial services, competition, changes in the quality or composition of the Company's loan and investment portfolios, changes in accounting principles, policies or guidelines, availability and cost of energy resources and other economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and fees. The Company undertakes no obligation to update or revise any forward-looking statements to reflect ch...Click here to read the whole Article (external link)
First Keystone Financial, Inc. Announces Agreement to Merge with Bryn Mawr Bank Corporation
MEDIA, Pa.--(BUSINESS WIRE)--First Keystone Financial, Inc. (the “Companyâ€) (NASDAQ:FKFS - News), the holding company for First Keystone Bank, announced today that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreementâ€) with Bryn Mawr Bank Corporation (“Bryn Mawrâ€) (NASDAQ:BMTC - News), the holding company for The Bryn Mawr Trust Company (“Bryn Mawr Trustâ€). Pursuant to the terms of the Merger Agreement, the Company will be merged with and into Bryn Mawr Bank Corporation, with Bryn Mawr Bank Corporation surviving the merger (the “Mergerâ€). Concurrent with the Merger, First Keystone Bank will merge with and into Bryn Mawr Trust, with Bryn Mawr Trust being the surviving bank (the “Bank Mergerâ€). Pursuant to the terms of the Merger Agreement, the Company’s shareholders will receive a combination of 0.6973 shares of Bryn Mawr common stock plus $2.06 in cash for each share of Company common stock that they own, in each case subject to possible adjustment in the manner described in the Merger Agreement (which will ...Click here to read the whole Article (external link)
Bryn Mawr Bank to buy First Keystone Financial for $34M
Bryn Mawr Bank Corp. said Tuesday evening it will make a major move into Delaware County by acquiring First Keystone Financial for $34 million in stock and cash. Bryn Mawr (NASDAQ:BMTC) CEO Ted Peters said the deal is expected to close in June or July. Media, Pa.-based First Keystone (NASDAQ:FKFS) has $525 million in assets and eight branches — all but one in Delaware County. The transaction would increase Bryn Mawr’s assets from $1.2 billion to $1.7 billion, loans from $886 million to $1.2 billion, deposits from $899 million to $1.3 billion and branches from eight to 17. Peters said the two banks’ respective footprints “fit together like a puzzle.” The Bryn Mawr, Pa.-based company, operator of Bryn Mawr Trust, has branches in Bryn Mawr, Ardmore, Exton, Haverford, Newtown Square, Paoli, Wayne, West Chester and West Conshohocken. Bryn Mawr Trust also has seven limited-service sites in retirement communities. First Keystone has locations in Aston, Brookhaven, Chester, Chester Heights, Media, Swarthmore, WIllowdale and Kennett Square. The deal would make Bryn Mawr Trust the largest community bank in Delaware County, with a 5 percent market share. First Keystone has been subject to a memo of understanding by its regulator, the Office of Thrift Supervision. Peters said that action was taken due to problems with loan processes but that First Keystone did not have any major problems with its loan portfolio. Even though the bank lost $353,000 in the quarter ending June 30, its nonperformi...Click here to read the whole Article (external link)
FIRST KEYSTONE FINANCIAL INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure
ITEM 1.01 Entry Into a Material Definitive Agreement On November 3, 2009, Bryn Mawr Bank Corporation ("BMBC"), the parent company of The Bryn Mawr Trust Company ("BMT"), and First Keystone Financial, Inc. ("FKF"), the parent company of First Keystone Bank ("FKB"), entered into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which FKF will merge with and into BMBC (the "Merger"). Concurrent with the Merger, it is expected that FKB will merge with and into BMT in a two-step merger pursuant to which FKB will merge with and into a newly formed wholly-owned subsidiary of BMT which will then merge with and into BMT (collectively, the "Bank Merger"). Under the terms of the Merger Agreement, which is included as Exhibit 2.1 hereto and incorporated herein by reference, shareholders of FKF will receive 0.6973 shares (the "Exchange Ratio") of BMBC stock for each share of common stock they own plus $2.06 per share cash consideration ("Per Share Cash Consideration"), each subject to adjustment as described below. The Merger Agreement also provides that all options to purchase FKF stock which are outstanding and unexercised immediately prior to the closing ("Continuing Options") under FKF's Amended and Restated 1995 Stock Option Plan and Amended and Restated 1998 Stock Option Plan, in each case as amended, shall, subject to certain conditions and regulatory approvals, become fully vested and exercisable and be converted into fully vested and exercisable options to purchase shares of BMBC stock. The number of shares of BMBC stock to be subject to the Continuing Options shall be equal to 0.8204 ("Option Exchange Ratio") multiplied by the number of shares of FKF stock subject to the Continuing Options, subject to rounding. The exercise price per share of BMBC stock under the Continuing Options will be equal to the exercise price per share of FKF stock under the Continuing Opti...Click here to read the whole Article (external link)
Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of First Keystone Financial, Inc. - FKFS
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders First Keystone Financial, Inc.
BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of First Keystone Financial, Inc. (“First Keystone†or the “Companyâ€) (Nasdaq:FKFS - News) relating to the proposed merger with Bryn Mawr Bank Corp. (“Bryn Mawrâ€) (Nasdaq:BMTC - News). Under the proposed agreement, First Keystone shareholders will receive a combination of 0.6973 shares of Bryn Mawr common stock plus $2.06 in cash for each share of First Keystone common stock they own, subject to possible adjustments. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the First Keystone Board’s approval of the proposed acquisition. The merger agreement prevents, except under certain exceptions, the board from soliciting alternative proposals, entering into discussions with other potential buyers, providing confidential information to other buyers, and contains a $1.675 million termination fee. This prevents other buyers from making offers for the company that may have r...Click here to read the whole Article (external link)
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