Anchor Financial Corporation Announces Two-for-One Stock Split.MYRTLE BEACH, S.C.--(BUSINESS WIRE)--Aug. 14, 1995--The Board of Directors of Anchor Financial Corporation today approved a two-for-one stock split, payable on September 29, 1995, to shareholders of record on September 1, 1995. Currently, the Corporation has 4,000,000 shares of common stock authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: , $6.00 par value per share, of which 1,270,210 shares are issued and outstanding, and 136,786 shares are subject to options. After the two-for-one split, the Corporation will have 4,000,000 shares of common stock authorized, $6.00 par value, of which 2,540,420 shares will be issued and outstanding, and 273,572 shares will be subject to options. Shareholders of record on September 1, 1995 will be issued new stock certificates reflecting the additional shares later in that month. In making the announcement, Stephen L. Chryst, president and chief executive officer, stated, "The action taken by our board of directors today is further evidence of the Corporation's continued strong financial performance and expansion during the past five years." Anchor Financial Corporation, which surpassed the $400 million mark in asset size on August 1, is the parent of The Anchor Bank and The Anchor Bank of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . The South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. bank operates branches in Myrtle Beach, Little River, North Myrtle Beach, Surfside Beach Surfside Beach may refer to:
pelvic inlet the upper limit of the pelvic cavity. thoracic inlet the elliptical opening at the summit of the thorax. , Conway, Georgetown, and Hilton Head Island Hilton Head Island An island off the southern coast of South Carolina in the Sea Islands of the Atlantic Ocean. It is a popular tourist resort. The town of Hilton Head Island, on the northeast coast, has a population of 35,200. , and will open a new branch in Mt. Pleasant on August 16. The North Carolina bank operates branches in Wilmington, Hampstead, and Jacksonville. Both banks offer a full line of financial products and services. CONTACT: Anchor Financial Corporation, Myrtle Beach Barbara W. Marshall, 803/946-3107 |
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