Franklin Financial Corporation Announces Quarterly Dividend
17 December 2003 - 5:50AM
PR Newswire (US)
Franklin Financial Corporation Announces Quarterly Dividend
FRANKLIN, Tenn., Dec. 16 /PRNewswire-FirstCall/ -- Franklin
Financial Corporation (FFC), the parent company of Franklin
National Bank, has declared a $.0625 per share fourth quarter
dividend to its shareholders, according to FFC Chairman, President
and CEO Gordon E. Inman. The record date for the cash dividend is
December 19, 2003, with payment scheduled for January 7, 2004.
Gordon E. Inman, Chairman, President & CEO, Franklin Financial
Corporation, comments, "Franklin Financial Corporation is pleased
to post our 21st consecutive quarterly cash dividend. Our employees
and customers make this company successful, and I am proud that
this dividend is an 8.23% increase over our third quarter dividend
of $.05775." Franklin Financial Corporation is a financial services
holding company and the parent company of Franklin National Bank,
Franklin Financial Mortgage and Franklin Financial Securities. The
common stock of Franklin Financial Corporation is listed on the
Nasdaq National Market under the symbol "FNFN." The corporate
website is located on the Internet at fnfn.net. Franklin National
Bank operates nine retail branches in Williamson, Davidson, and
Maury counties and can be found on the Internet at
FranklinNetBranch.com. On July 24, 2002, Fifth Third Bancorp
(NASDAQ:FITB) and Franklin Financial Corporation announced the
signing of a definitive agreement in which Fifth Third will acquire
Franklin Financial Corporation and its subsidiary, Franklin
National Bank, headquartered in Franklin, Tennessee. On March 27,
2003, the definitive agreement was amended to extend the
termination date to June 30, 2004 and to revise the exchange ratio.
THE STATEMENTS CONTAINED IN THIS RELEASE WHICH ARE NOT HISTORICAL
FACTS ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE
HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995. FORWARD-LOOKING STATEMENTS DESCRIBING FRANKLIN FINANCIAL
CORPORATION'S FUTURE PLANS, PROJECTIONS, STRATEGIES AND
EXPECTATIONS, ARE BASED ON ASSUMPTIONS AND INVOLVE A NUMBER OF
RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND FRANKLIN
FINANCIAL CORPORATION'S CONTROL. ACTUAL RESULTS COULD DIFFER
MATERIALLY FROM THOSE PROJECTED DUE TO CHANGES IN INTEREST RATES,
COMPETITION IN THE INDUSTRY, CHANGES IN LOCAL AND NATIONAL ECONOMIC
CONDITIONS AND VARIOUS OTHER FACTORS. ADDITIONAL INFORMATION
CONCERNING SUCH FACTORS, WHICH COULD AFFECT FRANKLIN FINANCIAL
CORPORATION, IS CONTAINED IN FRANKLIN FINANCIAL CORPORATION'S
FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. DATASOURCE:
Franklin Financial Corporation CONTACT: Kristy Williams,
+1-615-595-5531, or David McCurrach, +1-615-591-1059, both of
Franklin Financial Corporation Web site:
http://www.franklinnetbranch.com/ http://www.fnfn.net/
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