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First Bancorp earnings down The Business Journal of the Greater

First Bancorp reported net income of $5.3 million in the second quarter, down 2.6 percent from a year earlier.

For the year to date, the Troy-based parent company of First Bank said its net income is 4.9 percent ahead of 2007 at $10.8 million.

The results in 2008 reflected the acquisition of Great Pee Dee Bancorp in April, the bank said.

While First said it saw increases in net interest income and noninterest income, it also saw deterioration in credit quality. The ratio of nonperforming assets to total assets was 0.78 percent on June 30, compared to 0.51 percent on March 31 and 0.38 percent last June.

In its earnings release, the bank described that trend as "consistent with current economic conditions."

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United Title of TX goes out of business

That's because one of the state's largest title companies has gone out of business.

United Title of Texas abruptly shut its doors yesterday and put hundreds of closings in jeopardy.

So, what happens now, and what about the title company's employees?

A realtor out of Clear Lake, Priscilla Ennis is used to shakeups in the market, but this shakeup will likely mean some of her clients won't be selling their homes anytime soon.

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RMR Funds Names Ryan Johnson Vice President of Sales and Marketing

Prior to that, Mr. Johnson was Senior Vice President/Director of Sales & Marketing for Hartford Life Insurance Company and earlier was Senior Vice President, Equity Marketing & Sales/National Sales Director for Guardian Investor Services Corporation.

RMR Funds is focused on investing in real estate securities, including real estate investment trusts (REITs), and other high dividend paying securities. RMR Funds is an affiliate of Reit Management & Research LLC (RMR). As of March 31, 2008, RMR funds and RMR in combination managed approximately $15 billion in assets.

SOURCE: RMR Advisors, Inc.

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Top Business Loans News

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After more than three months of delay by the International Monetary Fund in considering Sri Lanka’s urgent request for a $US1.9 billion loan, Colombo has publicly accused the United States of obstruction. The Sri Lankan government requested the ...

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Sri Lankan ministers accuse US of delaying IMF loan - World Socialist Web Site

MUMBAI/NEW DELHI: State Bank of India has offered a loan of up to $1 billion to Bharti Airtel to partly fund the Indian telecom firm's planned stake buy in South Africa's MTN, two sources said. The government-run bank, which along with its associates ...

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SBI offers Bharti $1bn loan for MTN - Times of India

Ensminger was previously the in-house lender at HomeServices Lending, Pickford Ltd. Her other professional experience includes loan processor with First Capitol Group, three-time award-winning entrepreneur and owner of Bodyscapes Massage Therapy in ...

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Business Briefs - Lompoc Record

A businesswoman, entrepreneur, author and award-wining real estate professional, Peterson was educated in the United States and Scotland and moved to the Central Coast 11 years ago. A “fine homes specialist” who also provides a notary and loan ...

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People in Business - Lompoc Record

DES MOINES, Iowa (AP) - Community bank failures are accelerating and some experts believe as many as 100 may go under this year, the most in 16 years. Many of the banks were caught up in lending money to developers to build neighborhood strip malls ...

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Bank failures accelerate with more troubled loans - Berkshire Eagle

A loan scheme is helping those aged over 50 who may have retired on an inadequate income to boost their earnings by becoming entrepreneurs - or 'olderpreneurs'. Left smiling: Cecile Trijssenaar, 50, got funding for her dating business. Online lending ...

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New loan offer for older entrepreneurs - This is Money

The struggle in writing about the media business is to not dwell on the negative, these being tough times and all. So you take your good news where you can, and in this case you take Mel Karmazin, chief executive officer of Sirius XM Satellite Radio ...

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XM Sirius CEO Mel Karmazin prospers even when business is bad - Chicago Tribune

Sofia. The situation around the bad loans is deteriorating for the fifth consecutive month. But it is not as dark as it may seem but should not be underestimated also. Since the beginning of the year till the end of May past due loans amount to BGN ...

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Freezing point stability - Focus Infomation

Dear Amy: I am 29 and am just starting my career as a fashion designer. I am constantly low on money, thanks to student loans, etc. On the other hand, my boyfriend has done very well. He is an established business owner and is very generous. I live ...

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Ask Amy: How to repay generous boyfriend - Idaho Statesman

The UK is prepared to make loans or loan guarantees to help push through the sale of Vauxhall, Business Secretary Lord Mandelson has said. Vauxhall is owned by General Motors (GM) Europe, which is in talks to be taken over by Magna, a car parts maker ...

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