Fulton Savings Bank completes initial stock offering.FULTON Fulton, city (1990 pop. 10,033), seat of Callaway co., central Mo., in an agricultural and farm area; inc. 1859. It has printing plants and factories that make food products, textiles, and industrial equipment. Firebricks from nearby clay beds are also produced. , Mo.--(BUSINESS WIRE)--Oct. 18, 1996--Kermit D. Gohring, president of Fulton 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. ("Fulton Savings Bank" or the "Savings Bank"), announced today that Fulton Bancorp Inc., the proposed holding company for Fulton Savings Bank, has completed its initial stock offering in connection with the Savings Bank's conversion from mutual to stock form. A total of 1,719,250 shares were sold at the price of $10 per share. On Oct. 15, 1996, Fulton Savings Bank's Plan of Conversion was approved by the Saving Bank's voting members at a special meeting of members. Gohring said that the officers and boards of directors of Fulton Bancorp Inc. and Fulton Savings Bank wished to express their thanks for the response to the stock offering and that Fulton Savings Bank looks forward to serving the needs of its customers and new stockholders as a community-based stock institution. The stock is anticipated to commence trading on Oct. 18, 1996, on the Nasdaq SmallCap Market under the symbol "FTNB FTNB First Texoma National Bank (Texas/Oklahoma) ." Trident Securites Inc. of Raleigh Raleigh (rôl`ē, räl`ē), city (1990 pop. 207,951), state capital, and seat of Wake co., central N.C.; the site was selected for the capital in 1788, and the city was laid out and inc. 1792. , N.C., managed the stock offering. CONTACT: Fulton Savings Bank, Fulton Kermit A file transfer protocol developed at Columbia University, noted for its adaptability to noisy lines, enabling transfers to succeed under the worst conditions. Kermit supports streaming over the Internet, sliding windows for links with long round-trip delays, record and character D. Gohring, 573/642-6618 |
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