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Article: Harrington West Announces Financial Results for the June 2009 Quarter and the Sale of Its Kansas Banking Operations for a $4.1 Million Premium.
- Article from:
- Business Wire
- Article date:
- August 14, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SOLVANG, Calif. -- Harrington West Financial Group, Inc (NASDAQ:HWFG), the holding company for Los Padres Bank and its division, Harrington Bank of Kansas (dba), today announced that it had a net loss of $15.6 million or $2.16 per diluted share compared with a net loss of $131 thousand or 2 cents per diluted share in the June 2008 quarter. For the six months ending June 30, 2009, HWFG incurred a net loss of $17.7 million or $2.52 per diluted share compared to a $3.4 million loss or 58 cents per diluted share in the same period a year ago.
The net loss for the June 2009 quarter was comprised of the following components:
$927 thousand of after-tax core ...