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US STOCKS-S&P 500 ticks up to record on central bank bets

November 24, 2014

U.S. stocks rose on Monday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volumes were below average. Helping bullish sentiment was expectation central banks will continue to boost equities. Following last week's surprise rate cut, China's leadership and central bank are ready to cut interest rates again and to loosen lending restrictions. "You tend not to cut rates once, it doesn't happen in a vacuum. This could be the first in a series. The question is, how much they are going to have to do before it works," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.

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United Bancshares acquires Ohio State Bank

November 18, 2014
The Marion Star

United Bancshares Inc., parent company of The Union Bank Co., has completed its acquisition of The Ohio State Bank in a cash transaction worth about $4,290,237, a news release from United Bancshares announces. Performance Trust Capital Partners LLC served as financial adviser to United Bancshares, and Dinsmore & Shohl LLP served as the company’s legal counsel. Shumaker, Loop & Kendrick LLP served as legal counsel to Ohio State Bancshares and Rbancshares.

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Familiar name tops list of big banks in area

November 7, 2014
Houston Chronicle

JPMorgan Chase & Co. remains the banking behemoth of Houston with nearly half the area's market share, according to SNL Financial data released last week by Performance Trust Capital Partners. JPMorgan Chase had 227 branches and $104.2 billion in area deposits, giving it 48.3 per-cent of the Houston metropolitan market. Its local deposits increased 44.8 percent from $71.9 billion in 2013. "They're four times as big as the next competitor," said Dan Bass, managing director of investment banking for bank advisory firm Performance Trust Capital Partners. "It's interesting to see how much they've increased year over year."

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Capital One Bank to lay off 100-plus in Houston

November 3, 2014
Houston Chronicle

Capital One Bank will lay off more than 100 people in Houston early next year when it moves responsibility for managing and processing account activity for its local branches out of state, the bank said Monday. Dan Bass, managing director of investment banking for bank advisory firm Performance Trust Capital Partners, said this type of downsizing tends to happen in back-office jobs as technology makes it easier to consolidate functions.

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