Monday, 18 June 2007

UPDATE 1-Community Banks restates to lower Q1 results

(Reuters) - The restatement would lower the first-quarter net income to
$6.6 million, or 28 cents a share, from the $9.6 million, or 41
cents a share, it reported in April, the company said in a
statement.




The bank holding company said it would reclassify a $3.1
million charge, related to an investment portfolio
restructuring, as a charge to its first-quarter earnings.


Read more at Reuters.com Government Filings News

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