First National Bankshares of Florida, Inc. Announces Third Quarter Cash Dividend of $0.07 Per Share
22 Juli 2004 - 3:59PM
PR Newswire (US)
First National Bankshares of Florida, Inc. Announces Third Quarter
Cash Dividend of $0.07 Per Share NAPLES, Fla., July 22
/PRNewswire-FirstCall/ -- First National Bankshares of Florida,
Inc. (NYSE:FLB) today announced that its Board of Directors has
declared a quarterly cash dividend of $0.07 per share on its common
stock. The dividend is payable on August 15, 2004 to all First
National Bankshares of Florida common shareholders of record as of
August 1, 2004. (Logo:
http://www.newscom.com/cgi-bin/prnh/20031230/FNBFLOGO)
Headquartered in Naples, Florida, First National Bankshares of
Florida is a $4.1 billion diversified financial services company.
The company's focus is on expansion in the high-growth Florida
market. In addition to traditional community banking, the company
provides a complete line of insurance and wealth management
services with 59 full-service financial centers located throughout
Southwest and Central Florida. The company's stock is traded on the
New York Stock Exchange under the symbol "FLB." On March 22, 2004,
First National Bankshares announced the planned acquisition of
Southern Community Bancorp. Headquartered in Orlando, Florida,
Southern Community has more than $1 billion in total assets and
$890 million in deposits with 18 full-service banking offices
located throughout South and Central Florida. The transaction,
which is subject to normal regulatory and shareholder approvals, is
expected to close in September 2004. Upon completion of the merger,
all Southern Community Bank branches will join First National
Bankshares' subsidiary bank, First National Bank of Florida. On
June 30, 2004, First National Bankshares announced the planned
acquisition of First Bradenton Bank. Headquartered in Bradenton,
Florida, First Bradenton has $60.5 million in total assets and
$55.5 million in deposits with one banking location. Once the
merger is completed, First National Bankshares will have more than
$5.2 billion in total assets and $3.9 billion in total deposits
with 76 full-service financial centers located throughout South and
Central Florida, including its pending acquisition of Southern
Community. Except for historical information contained herein, the
statements made in this press release constitute "forward-looking"
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such statements involve certain risks and uncertainties, including
statements regarding the Company's strategic direction, prospects
and future results. Certain factors, including those outside the
Company's control, may cause actual results to differ materially
from those in the forward-looking statements, including economic
and other conditions in the markets in which the Company operates;
risks associated with acquisitions, competition, seasonality and
the other risks discussed in our filings with the Securities and
Exchange Commission, which discussions are incorporated in this
press release by reference. CONTACT: Clay W. Cone Vice President,
Director of Corporate Communications 239-436-1676
http://www.newscom.com/cgi-bin/prnh/20031230/FNBFLOGO
http://photoarchive.ap.org/ DATASOURCE: First National Bankshares
Of Florida, Inc. CONTACT: Clay W. Cone, Vice President, Director of
Corporate Communications, First National Bankshares of Florida,
+1-239-436-1676 Web site: http://www.firstnationalbankshares.com/
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