Printer Friendly

FLORIDA FIRST FEDERAL EXTENDS STOCK OFFERING

 FLORIDA FIRST FEDERAL EXTENDS STOCK OFFERING
 PANAMA CITY, Fla., Oct. 14 /PRNewswire/ -- Florida First Federal


Savings Bank (NASDAQ-NMS: FFPC) announced today that the recent stock rights offering ("the offering") has successfully raised over $2,100,000. The offering is being opened to the community and is being extended until the earlier of Oct. 30, 1992 or until total subscriptions of $2,600,000 are received.
 In announcing the decision, Andrew W. Stein, president of the savings bank stated, "We are quite pleased with the success to date and the interest in the offering, especially the large amount of support that has come from the community we serve. We are confident that the additional funds will be obtained in short order at which time the offering will be closed." Stein further stated that there appeared to be a belief in the community that those individuals who were not current stockholders could not purchase stock until after the initial Oct. 9, 1992 expiration date of the offering. For these reasons, combined with the relatively short initial offering period, the offering is being extended to insure that everyone has a chance to carefully consider the opportunity.
 Per the offering circular dated Aug. 24, 1992, the savings bank is selling units for $5.50 per unit. A unit consists of two shares of common stock of the savings bank and a warrant to purchase an additional share of common stock for $3.25 anytime prior to 5 p.m., Central Time, on Sept. 30, 1994.
 An offering circular may be obtained by contacting the savings bank at 904-763-5455 or 800-998-3372. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy. Offers to sell or the solicitation of an offer to buy can only be made through the offering circular.
 The savings bank, with assets of $261.1 million at July 31, 1992, conducts business through eight full-service offices. The savings bank's common stock trades under the symbol (FFPC) on the NASDAQ National Market System.
 -0- 10/14/92
 /CONTACT: Barbara L. Haag of Florida First Federal Savings Bank, 904-872-7047/
 (FFPC) CO: Florida First Federal Savings Bank ST: Florida IN: FIN SU: OFR


JB-AW -- FL015 -- 0097 10/14/92 17:15 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 14, 1992
Words:374
Previous Article:COURT HOLDS THAT COASTAL MOTION FOR RESTITUTION IS PREMATURE
Next Article:MERCO ENCOURAGES ADDITIONAL PUBLIC FORUMS TO CORRECT ERRORS IN A.G.'S CLAIMS
Topics:


Related Articles
FIRST FEDERAL SAVINGS BANK OF NEW SMYRNA ANNOUNCES CASH DIVIDEND
FIRST FEDERAL SAVINGS BANK OF NEW SMYRNA ANNOUNCES DIVIDEND
FLORIDA FIRST FEDERAL SAVINGS BANK ANNOUNCES STOCKHOLDER RIGHTS OFFERING
FLORIDA FIRST FEDERAL ANNOUNCES SUCCESSFUL COMPLETION OF STOCK RIGHTS OFFERING
FIRST FEDERAL SAVINGS BANK OF PUERTO RICO ANNOUNCES STOCK SPLIT
FIRST FEDERAL SAVINGS BANK OF PUERTO RICO STOCK TO BE LISTED ON NYSE
FIRST FEDERAL SAVINGS BANK OF PUERTO RICO STARTS TO TRADE ON NYSE
FIRST FEDERAL SAVINGS BANK OF PUERTO RICO ANNOUNCES REPURCHASE OF PREFERRED STOCK AND WARRANTS
FIDELITY FEDERAL DOUBLES QUARTERLY DIVIDEND
GLENDALE FEDERAL BANK EXTENDS ITS LOW-COST SELLING PURCHASING PROGRAM FOR ODD-LOT HOLDERS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters