First National Bankshares of Florida Listed on NYSE; Company Shares to Trade Under the New Ticker Symbol FLB
31 Dezember 2003 - 10:00PM
PR Newswire (US)
First National Bankshares of Florida Listed on NYSE; Company Shares
to Trade Under the New Ticker Symbol FLB NAPLES, Fla., Dec. 31
/PRNewswire-FirstCall/ -- First National Bankshares of Florida,
Inc. announced that it will begin trading its common shares on the
New York Stock Exchange (NYSE) under the ticker symbol "FLB,"
effective Friday, January 2, 2004. First National Bankshares is the
bank holding company that was created in connection with the
spin-off of the Florida operations of F.N.B. Corporation , which
will be effected on Thursday, January 1, 2004. (Logo:
http://www.newscom.com/cgi-bin/prnh/20031230/FNBFLOGO ) "We are
pleased to proceed with our NYSE listing and believe this move will
build long-term shareholder value by increasing our visibility with
both institutional and individual investors and providing the
potential for increased liquidity for shareholders," said Gary L.
Tice, Chairman and Chief Executive Officer of First National
Bankshares of Florida. Headquartered in Naples, Florida, First
National Bankshares of Florida has approximately $3.8 billion in
total assets and 59 full-service financial centers located
throughout Southwest and Central Florida. In addition to
traditional community banking, the company provides a full line of
insurance, investments and wealth management services. The company
will focus on expanding in the high-growth Florida market and will
be well positioned for success in one of the country's most
attractive areas. Reflecting this focus on growth, the company's
dividend payout ratio is expected to be around 25% to 30%.
Additional copies of this news release may be requested by
contacting the First National Bankshares Corporate Communications
Department at 1-800-262-7600, extension 1676. This document
contains "forward-looking statements" that involve risks and
uncertainties and are subject to change at any time. These
statements may include, but are not limited to, those containing
words such as "anticipate," "believe," "plan," "estimate,"
"expect," "intend," "may," "target," and similar expressions. Such
statements include, without limitation, statements regarding the
effect of the spin-off; statements relating to the future financial
and stock price performance of the company; statements relating to
the company's future dividend policies; and earnings guidance for
future periods. Factors that could cause actual results to differ
materially include, but are not limited to, the following: costs,
delays and other difficulties related to the spin-off; the impact
of federal and state regulations; competition in the company's
business; the company's ability to control operating costs and
generate sufficient cash flow to meet operational and financial
requirements; an economic downturn or changes in the laws or
interest rate environment affecting the company's business in those
markets in which the company operates.
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, F.N.B. Corporation, +1-239-436-1676
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