Admiralty Bancorp, Inc. makes announcement.PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--OCTOBER 28, 1998--ADMIRALTY BANCORP, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 NM: AAABB) today announced that as of October 16, 1998, total assets were over $70 million, compared to $50.5 million at June 30, 1998, an increase of 38.6%. Actual third quarter operating numbers will be released in approximately two weeks. In addition, total deposits increased to $52 million from $40.8 million at June 30, 1998, an increase of 27.5%; total net loans increased to $33 million from the $23.7 million at June 30, 1998, an increase of 39.2%. Mr. Ward Kellogg, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Admiralty Bank, commented, "We are very pleased with the growth shown during the third quarter, and with the completion of our Initial Public Offering on September 25, 1998, we anticipate the growth trends to continue in the future." Admiralty Bancorp, Inc. is the holding company for Admiralty Bank, a Florida state chartered commercial bank and member of the Federal Reserve System. Admiralty Bank is a full service commercial bank, providing a wide range of business and consumer financial services through its main office in Palm Beach Gardens, Florida Palm Beach Gardens is a city in Palm Beach County in the U.S. state of Florida. The city is in the center of a rapidly-developing area north of West Palm Beach in the northern part of the county and the South Florida metropolitan area. and its three branch offices located in Juno Beach, Jupiter and Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. . "Safe Harbor" Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Certain of these statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward- looking statements, including the uncertainties inherent in the process of auditing and making end-of-year adjustments to a corporation's financial statements. L.G. Zangani, LLC provides financial public relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. service to the Company, As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and or other services in the form of moneys, capital stock in the Company, warrants or options to purchase capital in the Company. |
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