1ST BANCORP Announces Three-For-Two Stock Split.VINCENNES, Ind.--(BUSINESS WIRE)--Oct. 23, 1997--1ST BANCORP, the Holding Company for First Federal Bank, A Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks , today declared a 3-for-2 stock split. For every two shares of common stock outstanding, one additional share of stock will be sent to shareholders of record as of November 15, 1997. Certificates will be sent to shareholders on November 30, 1997. No fractional shares will be issued. Cash in lieu Cash In Lieu (CIL) In a typical exchange offer, "old" shares of the target company are exchanged for "new shares". of fractional shares will be paid based on the market price of a share of 1ST BANCORP common stock on November 15, 1997. "Our stock has performed well," stated C. James McCormick, Chairman of 1ST BANCORP. "This stock split will provide a more liquid market and will make the stock more affordable to the local community investor." 1ST BANCORP (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FBCV FBCV Federação Brasileira de Carro à Vela ) is a holding company whose subsidiaries include First Federal Bank, A Federal Savings Bank, First Financial Insurance Agency, Inc., and First Title Company. First Federal operates two retail banking offices in Vincennes, Indiana This article is about the United States city, Vincennes. For other uses, see Vincennes %28disambiguation%29. The city of Vincennes is the county seat of Knox County, Indiana. It is located on the Wabash River in the southwestern part of the state. and operates a loan origination office in Evansville, Indiana. First Financial operated two full service insurance offices in Vincennes and Princeton, Indiana. Information about 1ST BANCORP may be found at http://www.businesswire.com/cnn/fbcv.htm on the World Wide Web. CONTACT: 1ST BANCORP Frank Baracani, 812/885-2255 |
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