FPB Financial Corp. Announces Three-for-One Stock Split
(firmenpresse) - HAMMOND, LA -- (Marketwired) -- 08/20/13 -- FPB Financial Corp. (OTCQB: FPBF), the holding company for Florida Parishes Bank, announced today that its Board of Directors has declared a three-for-one stock split with respect to the Company's common stock. The stock split will be paid on September 27, 2013 to stockholders of record as of the close of business on September 11, 2013. Each stockholder of the Company will be entitled to receive two additional shares of common stock for each one share of common stock held as of the close of business on the record date.
Fritz W. Anderson, II, President and Chief Executive Officer, stated, "I am pleased to announce this stock split, which reflects our strong financial condition." The Board of Directors declared this stock split in order to reflect the appreciation of our stock price since we went public in 1999 and to increase the number of outstanding shares, which is expected to increase the trading activity in our common stock.
The Company previously announced that the Board of Directors declared a cash dividend of $0.18 per share on the Company's common stock, which will be paid on September 25, 2013 to stockholders of record at the close of business on September 10, 2013. This cash dividend is being paid on the outstanding shares of common stock before giving effect to the above stock split. After the stock split is paid on September 27, 2013, future quarterly cash dividends on post-split shares will be $0.06 per share of common stock until such time as the Board of Directors adjusts the dividend rate.
For more information, please contact:
Fritz W. Anderson, II
President and Chief Executive Officer
FPB Financial Corp.
(985) 345-1880
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Datum: 20.08.2013 - 15:24 Uhr
Sprache: Deutsch
News-ID 289409
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HAMMOND, LA
Kategorie:
Retail Banking
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