SOURCE: FPB Financial Corp.

February 16, 2016 10:26 ET

FPB Financial Corp. Announces Three-for-Two Stock Split

HAMMOND, LA --(Marketwired - February 16, 2016) - FPB Financial Corp. (OTCQB: FPBF), the holding company for Florida Parishes Bank, announced today that its Board of Directors has declared a three-for-two stock split with respect to the Company's common stock. The stock split will be paid on March 31, 2016 to stockholders of record as of the close of business on March 22, 2016. Each stockholder of the Company will be entitled to receive three additional shares of common stock for each two shares of common stock held as of the close of business on the record date.

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
    FPB Financial Corp.
    (985) 345-1880