Printer Friendly

FORTUNE BANCORP ANNOUNCES PROPOSED PREFERRED STOCK OFFERING

 FORTUNE BANCORP ANNOUNCES PROPOSED PREFERRED STOCK OFFERING
 CLEARWATER, Fla., Sept. 11 /PRNewswire/ -- Fortune Bancorp, Inc. (NASDAQ: FORB) announced today that it proposes to make a public offering of 1,200,000 shares of a new Series A Cumulative Convertible Preferred Stock, with a fixed dividend rate to be determined, to be registered under the Securities Act of 1933. The offering will be made only be means of a prospectus after a Registration Statement has been filed with the Securities and Exchange Commission. The offering will be made through underwriters, primarily for the purpose of obtaining additional capital to be invested in Fortune's primary subsidiary, Fortune Bank, additional working capital, and capital for possible acquisition of additional financial institutions. Fortune currently has no plans with respect to any specific acquisition prospect.
 -0- 9/11/92
 /CONTACT: Martin Gladysz of Fortune Bancorp, Inc., 813-538-1301/
 (FORB) CO: Fortune Bancorp, Inc. ST: Florida IN: FIN SU: OFR


JJ-JB -- FL013 -- 8507 09/11/92 13:37 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:Sep 11, 1992
Words:162
Previous Article:STRUCTURAL WOOD PANEL INDUSTRY RESPONDS TO HUMAN NEEDS IN WAKE OF HURRICANE ANDREW
Next Article:OREGON $42.0 MILLION GENERAL OBLIGATION BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
REPUBLIC BANCORP REDEEMS SERIES A PREFERRED STOCK AND 8 1/2 PERCENT DEBENTURES
FORTUNE BANCORP COMPLETES 1.2 MILLION SHARE PREFERRED STOCK OFFERING
REDWOOD EMPIRE BANCORP FILES REGISTRATION STATEMENT FOR 500,000 SHARES OF PREFERRED STOCK
FORTUNE BANCORP HOLDS ANNUAL MEETING AND DECLARED DIVIDENDS
CITIZENS FIRST ANNOUNCES REINSTATEMENT OF PREFERRED STOCK DIVIDEND
FORTUNE BANCORP DECLARE DIVIDENDS
FORTUNE BANCORP DECLARES DIVIDENDS
FORTUNE BANCORP ANNOUNCES REDEMPTIONOF CONVERTIBLE SUBORDINATED DEBENTURES
FORTUNE BANCORP DECLARES DIVIDENDS
FORTUNE BANCORP DECLARES DIVIDENDS

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