Bank and thrift stocks were in negative territory, alongwith the major indexes, around midday Monday, Oct. 3.
The SNL U.S. Bank Index slid 0.36% to 412.21, and the SNLU.S. Thrift Index fell 0.64% to 821.84. The Dow Jones Industrial Average wasdown 0.36% to 18,241.96, the S&P 500 slipped 0.40% to 2,159.69 and theNasdaq composite index retreated 0.25% to 5,298.83.
New Orleans-based First NBC Bank Holding Co. requested a before the NasdaqListing Qualifications Panel by Oct. 5. The company's common stock is subjectto suspension on Oct. 7 and delisting from the Nasdaq Global Select Marketbecause of past-due SEC reports. The company's stock rose 3.97% to $9.81 inmorning trading.
Scandal-stricken Wells Fargo & Co. was down 1.02% to $43.82.
On the M&A front, Capital One Financial Corp. is Cabela's credit cardoperations, including $5.2 billion in credit card receivables and other assetsand $5 billion in associated funding liabilities. The company's stock gained1.11% to $72.63 around noon.
FirstCommonwealth Financial Corp. dropped 2.38% to $9.85 in morningtrading amid news that it will acquire Lewis Center, Ohio-based in a cash-and-stock dealvalued at approximately $14.50 per share, or approximately $106 million.
Meta FinancialGroup Inc. and unit MetaBank agreed to acquire the assets and certain liabilities of Easton,Pa.-based EPS Financial LLC, a subsidiary of Drake Enterprises Ltd. Thecompany's shares were up 1.96% to $61.80 following the news.
Among notable movers, Lewiston, Maine-based dropped 3.28% to$11.20 and Richmond, Va.-based Xenith Bankshares Inc. fell 2.60% to $2.25.
In the thrift space, Westbury, N.Y.-based retreated0.32% to $14.19; San Diego-based BofI Holding Inc. fell 3.08% to $21.71; and LakeSuccess, N.Y.-based AstoriaFinancial Corp. ticked down 0.41% to $14.54.
Market prices andindex values are current as of the time of publication and are subject tochange.