HAMMOND, LA --(Marketwired - February 16, 2016) - FPB Financial Corp. (
Fritz W. Anderson, II, Chairman 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 recent appreciation of our stock 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 $0.07 per share on the Company's common stock, which will be paid on March 25, 2016, to stockholders of record at the close of business on March 10, 2016. 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 March 31, 2016, future quarterly cash dividends on post-split shares will be $0.05 per share of common stock until such time as the Board of Directors adjusts the dividend rate.
Contact Information:
For more information, please contact:
Fritz W. Anderson, II
Chairman and Chief Executive Officer
FPB Financial Corp.
(985) 345-1880
Ronnie Fugarino
President and Chief Executive Officer
Florida Parishes Bank
(985) 345-1880
David Anderson
President
FPB Financial Corp.
(985) 345-1880