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First National Bank Alaska sets effective date for stock split.

BANKING AND CREDIT NEWS-June 7, 2018--First National Bank Alaska sets effective date for stock split

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Global Banking News - 07 June 2018

First National Bank Alaska (OTC: FBAK) has said that its board of directors has set July 27, 2018 as record date and August 10, 2018 as effective date for the 10-for-1 stock split.

The effective date is the date when shares are issued to the owners of record. The proposal to forward split the bank common stock at a ratio of 10:1, and to effect a denial of pre-emptive rights, was approved at the bank's annual meeting of shareholders conducted on April 24, 2018.

The stock- split will help First National increase trading and liquidity in the stock as the price per share will be more affordable.

Alaskan-owned and operated, First National provides services for Alaskans with ATMs and branches in 18 communities throughout the state.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:1U9AK
Date:Jun 7, 2018
Words:180
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