Allstate Financial Corporation Announces It has Changed Its Name to Harbourton Financial Corporation.Business Editors MCLEAN, Va.--(BUSINESS WIRE)--May 3, 2001 Allstate Financial Corporation today announced that shareholders of the Company voted overwhelmingly to approve changing the Company's name to Harbourton Financial Corporation ("Harbourton" or the "Company") with the new stock symbol (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :HBTN HBTN Hallowed Be Thy Name (song by Iron Maiden) ). The name change is effective on May 2, 2001 and the new stock symbol will be effective on May 3, 2001. David W. Campbell, chairman of the board, stated "The Board believes the new name better reflects the Company's current business plan subsequent to the recent merger with Harbourton Financial Corp. and signifies the Board's commitment to build shareholder value and investor confidence in the restructured Company." The Company's primary business is originating loans to builders and developers of residential projects. The loans include financing for acquisition, development and construction of residential single family homes, townhouses and condominiums. The Company continues to service a portfolio of previously originated commercial finance and purchased receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed . This press release may contain various "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , that represent the Company's expectations or beliefs concerning future events. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion