First Natl Bancshares Fla (NYSE:FLB)
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First National Bankshares of Florida, Inc. Announces Third
Quarter Cash Dividend of $0.07 Per Share
NAPLES, Fla., July 22 /PRNewswire-FirstCall/ -- First National Bankshares of
Florida, Inc. (NYSE:FLB) today announced that its Board of Directors has
declared a quarterly cash dividend of $0.07 per share on its common stock. The
dividend is payable on August 15, 2004 to all First National Bankshares of
Florida common shareholders of record as of August 1, 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031230/FNBFLOGO)
Headquartered in Naples, Florida, First National Bankshares of Florida is a
$4.1 billion diversified financial services company. The company's focus is on
expansion in the high-growth Florida market. In addition to traditional
community banking, the company provides a complete line of insurance and wealth
management services with 59 full-service financial centers located throughout
Southwest and Central Florida. The company's stock is traded on the New York
Stock Exchange under the symbol "FLB."
On March 22, 2004, First National Bankshares announced the planned acquisition
of Southern Community Bancorp. Headquartered in Orlando, Florida, Southern
Community has more than $1 billion in total assets and $890 million in deposits
with 18 full-service banking offices located throughout South and Central
Florida. The transaction, which is subject to normal regulatory and shareholder
approvals, is expected to close in September 2004. Upon completion of the
merger, all Southern Community Bank branches will join First National
Bankshares' subsidiary bank, First National Bank of Florida.
On June 30, 2004, First National Bankshares announced the planned acquisition
of First Bradenton Bank. Headquartered in Bradenton, Florida, First Bradenton
has $60.5 million in total assets and $55.5 million in deposits with one
banking location. Once the merger is completed, First National Bankshares will
have more than $5.2 billion in total assets and $3.9 billion in total deposits
with 76 full-service financial centers located throughout South and Central
Florida, including its pending acquisition of Southern Community.
Except for historical information contained herein, the statements made in this
press release constitute "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such statements involve certain risks and uncertainties,
including statements regarding the Company's strategic direction, prospects and
future results. Certain factors, including those outside the Company's control,
may cause actual results to differ materially from those in the forward-looking
statements, including economic and other conditions in the markets in which the
Company operates; risks associated with acquisitions, competition, seasonality
and the other risks discussed in our filings with the Securities and Exchange
Commission, which discussions are incorporated in this press release by
reference.
CONTACT:
Clay W. Cone
Vice President, Director of Corporate Communications
239-436-1676
http://www.newscom.com/cgi-bin/prnh/20031230/FNBFLOGO
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DATASOURCE: First National Bankshares Of Florida, Inc.
CONTACT: Clay W. Cone, Vice President, Director of Corporate
Communications, First National Bankshares of Florida, +1-239-436-1676
Web site: http://www.firstnationalbankshares.com/