Allegiant Bancorp, Inc. and Allegiant Capital Trust I Announce Third Quarter Dividend On Trust Preferred Securities.Business Editors ST. LOUIS--(BUSINESS WIRE)--Sept. 7, 2001 Allegiant Bancorp, Inc. (Nasdaq:ALLE ALLE Alberta Language Learning Environment (University of Calgary, Canada) ) ("Allegiant") and its subsidiary, Allegiant Capital Trust I (AMEX AMEX See: American Stock Exchange :ACT.Pr) (the "Trust"), today announced the payment of the dividend on the Trust's 9.875% Cumulative Trust Preferred Securities. The dividend of $0.2469 per trust preferred security, liquidation amount $10 per security, is payable on September 30, 2001 to record holders at the close of business on September 15, 2001. Allegiant, headquartered in St. Louis, Missouri and the holding company of Allegiant Bank, offers full-service community banking and personal trust services to individuals, businesses and municipalities in the St. Louis metropolitan area. Allegiant Bank's services include commercial, real estate and installment loans, checking, savings and time deposit accounts, trust and other personal fiduciary services and various other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. such as securities brokerage, insurance and safe deposit boxes A safe deposit box (sometimes incorrectly called a safety deposit box) is a type of safe usually located in groups inside a bank vault or in the back of a bank or post office. . As of June 30, 2001, Allegiant reported, on a consolidated basis, total assets of $1.2 billion, loans of $872 million, deposits of $872 million and shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. of $84 million. On August 22, 2001, we announced that we have reached a definitive agreement with Guardian Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , to purchase five branch offices in St. Louis County, Missouri St. Louis County county located in the U.S. state of Missouri. According to the 2000 census, the population was 1,016,315, making the county the most populous in the state of Missouri. This county is notable for its 400+ private-street associations. . Allegiant Bank will acquire the branch facilities and assume approximately $100 million in deposit liabilities. The transaction should be completed in the fourth quarter, pending regulatory approvals. The transaction is expected to be immediately accretive to Allegiant Bancorp, Inc.'s earnings per share. Upon closing of the Guardian transaction and the previously announced Southside Bancshares, Corp. transaction, Allegiant Bancorp will have combined assets exceeding $2.1 billion. The combined company will have 39 branch offices and 56 ATM locations all within the St. Louis market. Allegiant will be the 135th largest bank in the country and will be one of only two publicly traded banks headquartered in St. Louis with assets of at least $1 billion. This news release contains forward-looking statements about Allegiant and the proposed transactions with Southside and Guardian. A number of factors - many of which are beyond Allegiant's control - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Allegiant undertakes no obligation to update forward-looking statements or reflect events or circumstances after the date of this release. |
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