Thursday, September 25, 2003

Tristate summary

From staff reports

Midland Co. shares falter

Shares in Midland Co., the Amelia-based specialty insurer, closed down 8.1 percent Wednesday, after the company disclosed late Tuesday it expects to post up to $15 million in losses from Hurricane Isabel.

Through its American Modern Insurance Group subsidiary, Midland insures manufactured homes, boats, motorcycles, RVs, collectible automobiles and snowmobiles. Of its $180.9 million in property and casualty premiums in the second quarter of 2003, $85.2 million came from manufactured-home policies.

Midland's stock closed Wednesday at $20.57, down $1.82.

HEAP subject of public hearing

A public hearing on the state-administered Home Energy Assistance Program will occur today at 2 p.m. in council chambers at Cincinnati City Hall.

The hearing is one of a series in the state by the Ohio Department of Development's office of Community Services to get public input on the program, which provides heating aid to low-income residents.

Camco Financial raises dividend

Camco Financial Corp., which operates eight branches in Greater Cincinnati, has raised its quarterly dividend to 14.5 cents a share from 14 cents a share. The new dividend is payable Oct. 17 to shareholders of record Oct. 7.

The Cambridge, Ohio-based community banking company owns Westwood Homestead Savings Bank in Cincinnati and Columbia Savings Bank in Northern Kentucky.

First Franklin boosts dividend

The parent of Franklin Savings and Loan Co. in Cincinnati has boosted its quarterly dividend to 8 cents a share from 7.5 cents a share. The dividend is payable Oct. 20 to shareholders of record Oct. 3.

Franklin Savings, with assets of $275 million, operates eight branches in Greater Cincinnati.

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