SOURCE: Stonegate Bank

Stonegate Bank

October 27, 2015 15:00 ET

Stonegate Bank Announces Increase in Dividend

POMPANO BEACH, FL--(Marketwired - Oct 27, 2015) - Stonegate Bank (NASDAQ: SGBK) ("Stonegate") announced today that its Board of Directors declared an increase in its quarterly dividend from $0.04 to $0.08 for dividends payable after November 1, 2015. "Our strong financial results have enabled us to expand the quarterly dividend while maintaining acceptable levels of capital. It is the next step in our commitment to our shareholders, as the Board believes that dividend growth is an important element in strengthening shareholder value," said David Seleski, President and CEO of Stonegate Bank.

Forward-Looking Statements

Any non-historical statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially. The following factors, among others, could cause our actual results to differ: the strength of the United States economy in general and the strength of the local economies in which we conduct operations; our need and ability to incur additional debt or equity financing; our ability to execute our growth strategy through expansion; our ability to comply with the extensive laws and regulations to which we are subject; changes in the securities and capital markets; changes in general market interest rates, legislative and regulatory changes, monetary and fiscal policies of the U.S. Treasury and the Federal Reserve, changes in the quality or composition of our loan portfolios, demand for loan products, changes in deposit flows, real estate values, and competition and other economic, competitive, and technological factors affecting our operations, pricing, products and services; and our ability to manage the risks involved in the foregoing. Additional factors can be found in our filings with the FDIC, which are available at the FDIC's internet site (http://www2.fdic.gov/efr). Forward-looking statements in this press release speak only as of the date of the press release and Stonegate Bank assumes no obligation to update any forward-looking statements or the reasons why actual results could differ.

Contact Information

  • INVESTOR RELATIONS:
    David Seleski
    Email Contact
    Stonegate Bank
    (954) 315-5510