plus 3, Bank of Hawaii Corporation to Present at the Sandler O’Neill & Partners 2010 West Coast Financial Services Conference - MSN Money

Bank of Hawaii Corporation to Present at the Sandler O’Neill & Partners 2010 West Coast Financial Services Conference - MSN Money
UMB Bank Names K.C. Mathews Chief Investment Officer - Forbes
YES BANK Partners with Cordys to Augment Business Process Management - Forbes
Stocks close lower on caution about economy - KCBA

Bank of Hawaii Corporation to Present at the Sandler O’Neill & Partners 2010 West Coast Financial Services Conference - MSN Money

Posted: 22 Feb 2010 01:42 PM PST

Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.

Bank of Hawaii Corporation BOH today announced that Chairman and Chief Executive Officer Allan R. Landon, President and Chief Banking Officer Peter S. Ho, and Vice Chairman and Chief Financial Officer Kent T. Lucien will be presenting at the Sandler O'Neill & Partners 2010 West Coast Financial Services Conference in Marina del Rey, California.

Bank of Hawaii Corporation is scheduled to present at 1:10 p.m. PT on Tuesday, March 2, 2010. Sandler O'Neill & Partners will offer a live webcast of the presentation on the website located at http://www.thomson-webcast.net/us/dispatching/SOP_201003. The presentation will be available for 30 days after the event, beginning March 3, 2010.

Bank of Hawaii Corporation is a bank holding company providing a broad range of financial products and services to customers in Hawaii and the Pacific Islands (Guam, nearby islands and American Samoa). The Company's principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii. For more information about Bank of Hawaii Corporation, see the Company's web site, www.boh.com.

Bank of Hawaii Corporation
Media Inquiries:
Stafford Kiguchi, 808-694-8580
Mobile: 808-265-6367
Stafford.Kiguchi@boh.com
Investor/Analyst Inquiries:
Cindy Wyrick, 808-694-8430
Cindy.Wyrick@boh.com

Back to News Home

MSN Money: Search MSN Money; Message Boards; Site Status

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

UMB Bank Names K.C. Mathews Chief Investment Officer - Forbes

Posted: 16 Feb 2010 08:27 AM PST

Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.

BusinessWire - UMB Bank, n.a., the lead banking subsidiary of UMB Financial Corporation (NASDAQ: UMBF), is pleased to promote K.C. Mathews to executive vice president and chief investment officer (CIO). Mathews has spent the past eight years at UMB serving as senior vice president and managing director of portfolio management.

As UMB Bank CIO, Mathews is responsible for executing UMB Bank's investment strategy and overseeing the day-to-day management of the bank's investment activities. He reports to Clyde Wendel, president and chief executive officer of UMB Personal Financial Services. Mathews will work collaboratively with the UMB executive committee and Bill Greiner, president and CIO of Scout Investment Advisors, a subsidiary of UMB Financial.

Article Controls

Mathews takes over the bank's CIO responsibilities from Greiner, who will continue to focus on the further development of products and strategic performance of Scout Investment Advisors.

"Our extensive search for the right person to continue guiding our proven investment strategy led us to an experienced investment professional within UMB," said Wendel. "K.C. is one of the original architects of an investment strategy that has served UMB Bank clients well, and his insights will continue to shape the strategic direction of our portfolio management group."

Mathews has more than 20 years of diverse experience in the investment industry. Prior to joining UMB, he spent nine years at the Bank of Oklahoma where he was a vice president and manager of the Portfolio Management Group. Prior to that, he spent five years working for securities firm Kidder, Peabody & Co.

Mathews earned a Master of Business Administration degree from the University of Notre Dame and a Bachelor of Science from the University of Minnesota. He attended the National Trust School at Northwestern University.

He is a Chartered Financial Analyst and a member of the CFA Institute. He is past president of both the Kansas City CFA Society and Oklahoma Society of Financial Analysts.

Mathews is on the board and executive committee for Junior Achievement and serves on the advisory board for the University of Central Missouri's Harmon College of Business Administration. He also serves on the faculty of the School of Banks and has taught finance and investments at several universities.

About UMB:

UMB Financial Corporation (NASDAQ: UMBF) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to both individual and business customers nationwide. Its banking subsidiaries own and operate 135 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona.

Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company's proprietary mutual funds and investment advisory accounts for institutional customers. For more information, visit umb.com or follow us on Twitter at @UMBFinancial.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6181265&lang=en

SOURCE: UMB Financial Corporation

UMB Financial Corporation Pam Blase, 816-860-5606 Pam.Blase@umb.com or Stephanie Hague, 816-423-6129 shague@barkleyus.com

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

YES BANK Partners with Cordys to Augment Business Process Management - Forbes

Posted: 23 Feb 2010 01:17 AM PST

Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.

BusinessWire - YES BANK, an Indian private sector bank, today announced it has entered into a strategic partnership with Cordys, a leading supplier of software for business process innovation to automate, manage and improve key business processes.

Rana Kapoor, YES BANK Founder, Managing Director and CEO, commented: "We are pleased to announce our association with Cordys, which will enable us to execute a concerted strategy by implementing innovative and secure banking solutions. We are determined to achieve the highest standards of service quality and operational excellence."

Article Controls

"The partnership with Cordys will enable YES BANK to provide a robust platform to achieve continuous process improvements by building solutions that embed business rules, promote visualization of processes and leverage real-time technologies. This will further enhance flexibility, agility and inter-operability of the Bank's current application systems," continued Kapoor.

The Cordys Business Operations Platform - with its Business Process Management Suite (BPMS) functionality - will provide several key features to YES BANK including:

-- Business focused BPMS for process automation leading to greater visibility and control to make real time decisions. This will result in significant customer service improvements and better exception management

-- Process-driven and SOA-based integration of multiple systems and people across the value chain, supporting any type of workflow; e.g., enabling faster payments processing with minimum or no manual intervention

-- Continuous process improvement with Business Activity Monitoring -- leading to better operational responsiveness

-- Faster innovation with Composite Application Framework; building new applications or enhancing existing applications in a quick, efficient and cost-effective way -- solutions that enhance business-IT alignment

Jan Baan, Cordys Founder, Chairman and CEO, stated: "I am impressed by the commitment of YES BANK to offer the highest levels of service to its customers. In today's economy, business processes extend beyond departments and companies. Collaboration in the value chain requires a BPM approach which provides flexibility, security and the possibility to adopt the online channel for greater speed of change and a superior product offering."

Umesh Jain, YES BANK President and Chief Information Officer, commented: "Our knowledge driven philosophy goes beyond the traditional realm of banking, and helps adoption of a 'Money Doctor' approach of diagnostic and prescriptive product structuring. The Cordys platform will enable us to achieve enhanced customer service through a significant reduction in turn-around-times. The SOA-based integration with other systems and process-driven improvement of our business operations across the entire value chain provided by Cordys will result in enhanced collaboration between teams and better productivity."

"The Cordys platform reduces cost and complexity, and allows faster and easier development, making our IT department a reliable partner for the business," added Jain.

"After tasting success at some of India's largest conglomerates, Cordys is now growing market share in the Indian Banking and Financial Services Industry. This partnership sets a paradigm for the adoption of process-based innovation using Cordys technology," said Narendra Shukla, Cordys Asia Vice President.

About Cordys

Cordys is a global provider of software for business process innovation. Global 2000 companies worldwide have selected Cordys to achieve performance improvements in their business operations such as increased productivity, reduced time to market and faster response to ever-changing market demands. Headquartered in the Netherlands, Cordys is a global company with offices in the Americas, EMEA and Asia-Pacific. www.cordys.com.

About YES BANK

YES BANK, India's new age private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and its top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals Bank of India with the long term mission of "Building the Best Quality Bank of the World in India."

YES BANK currently has 137 operational branches pan India across 109 locations. In addition, YES BANK also has 93 operational offsite ATMs in NCR, Mumbai and Pune, and two National Operating Centres in Mumbai and Gurgaon.

SOURCE: Cordys

for YES BANK Supriya Saxena Ph.: + 91 22 6620 9057 Fax: +91 22 24900314 supriya.saxena@yesbank.in or for Cordys Leslie Kesselring Ph: 503-358-1012 Leslie@kesselring.net

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Stocks close lower on caution about economy - KCBA

Posted: 23 Feb 2010 12:48 AM PST

Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.

By STEPHEN BERNARD
AP Business Writer

NEW YORK (AP) - The stock market paused from a four-day rally Monday and closed modestly lower after big consumer companies gave a cautious outlook for economic growth.

The market, which has advanced on stronger economic signs, fluctuated after Lowe's Cos. and Campbell Soup Co. reported higher earnings but reminded investors that a recovery among consumers is expected to be slow. Stocks drew some support from news that oil field services company Schlumberger Ltd. agreed to buy Smith International Inc.

"Corporate America is being cautious with their earnings predictions," said Roy Williams, CEO at Prestige Wealth Management Group. A recovery in consumer spending hasn't happened as fast as executives have hoped, he said.

Trading was also fragmented as investorshunted for deals following last week's big rally. The Dow Jones industrial average posted its best weekly gain since November on strong earnings and economic reports.

"I wouldn't read too much into this," Sam Stovall, chief investment strategist at Standard&Poor's, said of Monday's trading. "There could be some minor profit-taking."

Financial stocks were among the day's winners after a federal judge approved a settlement between the Securities and Exchange Commission and Bank of America Corp. over the acquisition of Merrill Lynch&Co.

The Dow fell 18.97, or 0.2 percent, to 10,383.38. The Standard&Poor's 500 index fell 1.16, or 0.1 percent, to 1,108.01, while the Nasdaq composite index fell 1.84, or 0.1 percent, to 2,242.03.

Rising stocks were about even with losers on the New York Stock Exchange, where volume came to a light 3.84 billion shares, compared with 3.95 billion on Friday

Lowe's said Monday its fourth-quarter profit rose 27 percent as it cut costs and saw a slight increase in sales. The home improvement retailer's results beat analyst projections and Lowe's said it anticipates sales to grow as the housing market recovers. However, its first-quarter earnings forecast was below expectations.

Campbell Soup's fiscal second-quarter profit met forecasts as lower costs helped offset a slowdown in U.S. sales.

"Right now, they're trying to heal," Steven Goldman, chief market strategist at Weeden&Co., said of consumers.

Consumers are holding off on big purchases like home renovations because employment is still a concern, Goldman said. That hurts companies like Lowe's that rely on big spending from U.S. customers. But they're also being choosy when it comes to staples including food. Campbell's report reflected that caution.

Lowe's fell 6 cents to $23.07. Campbell Soup dipped 43 cents to $33.50.

The National Association for Business Economics echoed a similar tone that the economy is getting better, but at a sluggish pace. It reaffirmed in its latest outlook that an economic recovery remains on track, though it will be slow. The group of economists expects to see job growth later this quarter, but unemployment is expected to stay above 9 percent throughout the year.

High unemployment - the rate currently stands at 9.7 percent - remains a major obstacle for a strong, sustained recovery. It has also dragged down consumer spending and confidence, which hurts companies like Lowe's and Campbell Soup.

Other major retailers, including Macy's Inc., Target Corp., Home Depot Inc. and Gap Inc., release quarterly results this week. The reports should provide further clues about whether consumers are more confident in the recovery.

Schlumberger is buying Smith International for $11 billion in stock in a move to diversify its product offerings and better compete with rival Halliburton Co. Investors viewed the deal as a sign that demand is likely to grow for fuel as the global economy recovers.

Energy and material companies were mixed on the day following the deal. Falling commodity prices dragged down the sector.

Schlumberger shares fell $2.33, or 3.7 percent, to $61.57. Smith International rose $3.33, or 8.8 percent, to $41.03.

Healthcare shares were also mixed after President Barack Obama renewed his push for insurance reform and a Senate report said drug maker GlaxoSmithKline has known about possible heart attack risks tied to its diabetes medication Avandia.

GlaxoSmithKline shares fell 94 cents, or 2.5 percent, to $37.32.

Bank of America rose 33 cents to $16.21 after U.S. District Court Judge Jed S. Rakoff approved the settlement of charges that the bank had misled shareholders about the Merrill Lynch deal.

Meanwhile, bond prices also traded in a tight range. Long-term bonds fell slightly, while short-term rates increased - a sign that investors might expect the Federal Reserve to raise its benchmark rates in the coming months.

Fed chairman Ben Bernanke is scheduled to give his semiannual report on the economy and interest rates to Congress later this week. Last week the Fed started to remove its extraordinary stimulus measures put in place during the recession. It increased the rate it charges banks for emergency loans.

The yield on the 10-year Treasury note rose to 3.80 percent, from 3.78 percent late Friday.

The Russell 2000 index of smaller companies rose 0.63, or 0.1 percent, to 632.25.

Overseas, Japan's Nikkei stock average rose 2.7 percent. Britain's FTSE 100 fell 0.1 percent, Germany's DAX index fell 0.6 percent, and France's CAC-40 fell 0.3 percent.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.