Printer Friendly

FIRSTBANK CORPORATION FILES FOR COMMON STOCK OFFERING

 ALMA, Mich., Sept. 7 /PRNewswire/ -- Firstbank Corporation (OTC Bulletin Board: FBMI) announced today that it has filed a Registration Statement with the Securities and Exchange Commission covering a proposed public offering of 265,000 shares of its common stock.
 All of the 265,000 shares will be newly issued and sold by the company. Roney & Co., the sole manager and lead underwriter, has been granted an option by Firstbank Corporation to purchase up to an additional 38,000 shares to cover any over-allotments.
 On Sept. 15, 1993, Firstbank Corporation will effect a 2-for-1 stock split in the form of a stock dividend of one additional share for each share outstanding. The stock split record date was Aug. 31, 1993. The new shares to be offered will be issued on a post-split basis.
 Firstbank Corporation is a multibank holding company which owns all of the outstanding stock of Bank of Alma, Firstbank (Mount Pleasant) and Bank of West Branch.
 A preliminary prospectus may be obtained from Roney & Co., One Griswold, Detroit, MI 48226, telephone 313-963-6700.
 A Registration Statement relating to the offered securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
 -0- 9/7/93
 /CONTACT: Mike Chadwick of Firstbank Corporation, 517-364-3131/
 (FBMI)


CO: Firstbank Corporation ST: Michigan IN: FIN SU: OFR

SB -- DE006 -- 9249 09/07/93 10:18 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 7, 1993
Words:303
Previous Article:MEDAR ENTERS INTO JOINT VENTURE IN CHINA
Next Article:ALBARA CORP. REPORTS SUBSIDIARY FILES CHAPTER 11
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters