Community First Bankshares (NASDAQ:CFBX)
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Community First Bankshares, Inc. Postpones Annual Meeting
FARGO, N.D., March 31 /PRNewswire-FirstCall/ -- Community First Bankshares,
Inc. has postponed its Annual Meeting of Shareholders scheduled for April 20,
2004, at 10:00 a.m., in light of the company's merger agreement with BancWest
Corporation. Community First currently expects that its Annual Meeting of
Shareholders will be held in conjunction with the meeting at which its
shareholders will vote on the merger with BancWest. Information relating to
that meeting will be released when available.
About Community First Bankshares, Inc.
Community First Bankshares, Inc. is a bank holding company that operates
Community First National Bank, which has 155 offices in 12 states -- Arizona,
California, Colorado, Iowa, Minnesota, Nebraska, New Mexico, North Dakota, South
Dakota, Utah, Wisconsin and Wyoming. The banking offices are community banks
that provide a full range of commercial and consumer banking services primarily
to businesses and individuals in small and medium-sized communities and the
surrounding market areas. Community First also owns insurance agencies in 47
communities operated through Community First Insurance, Inc.
This release contains forward-looking statements, including statements regarding
anticipated timing of the transaction and possible performance of the combined
company after the transaction is completed. Such statements reflect management's
best judgment as of this date, but they involverisks and uncertainties that
could cause actual results to differ materially from those presented. Factors
that could cause such differences include, without limitation, (1) the
possibility that regulatory approvals may be delayed or denied or that
burdensome conditions may be imposed in connection with such approvals; (2) the
possibility of customer or employee attrition following this transaction; (3)
failure to fully realize expected cost savings from the transaction; (4) lower
than expected revenues following the transaction; (5) problems or delays in
bringing together the two companies; (6) the possibility of adverse changes in
global, national or local economic or monetary conditions, (7) competition and
change in the financial services business, and (8) other factors described in
our recent filings with the Securities and Exchange Commission. Those factors or
others could result, for example, in delay or termination of the transaction
discussed above. Readers should carefully consider those risks and
uncertainties in reading this release. Except as otherwise required by law,
BancWest and Community First Bankshares disclaim any obligation to update any
forward-looking statements included herein to reflect future events or
developments.
In connection with the proposed transaction between Community First and
BancWest, Community First will be filing proxy statements and other materials
with the Securities and Exchange Commission. Investors are urged to read the
proxy statement and thesematerials when they are available because they contain
important information.
Community First and its officers and directors may be deemed to be participants
in the solicitation of proxies with respect to the proposed transaction matters.
Information regarding such individuals is included in Community First's proxy
statements and Annual Reports on Form 10-K previously filed with the Securities
and Exchange Commission, and in the proxy statement relating to the merger when
it becomes available. Investors may obtain a free copy of the proxy statements
and other relevant documents when they become available as well as other
materials filed with the Securities and Exchange Commission concerning Community
First and these individuals at the Securities and Exchange Commission's website
at http://www.sec.gov/ . These materials and other documents may also be
obtained for free from: Community First Bankshares, Inc., 520 Main Avenue,
Fargo, North Dakota 58124, Attn: Investor Relations.
DATASOURCE: Community First Bankshares, Inc.
CONTACT: Jeff Wilhoit of Financial Relations Board, +1-312-640-6757,
; Carol Renner of Community First
Bankshares, Inc., +1-701-298-5709,