Frontier Financial Corporation Announces Special Shareholder Meeting
10 December 2009 - 9:00AM
Marketwired
Frontier Financial Corporation (NASDAQ: FTBK) announced that it
will hold a special shareholder meeting on Wednesday, January 20,
2010 at Frontier Bank, 332 S.W. Everett Mall Way, Everett,
Washington, at 7:00 p.m., local time. Shareholders will be
requested to approve an increase in the total number of shares of
common stock that Frontier is authorized to issue from 10 million
to 200 million shares. The 10 million shares of preferred stock
which Frontier is currently authorized to issue will remain
unchanged. The availability of these shares of common stock will
allow Frontier the capability and flexibility to issue new shares
for a variety of purposes, including raising additional capital and
increasing the regulatory capital position of Frontier and its
subsidiary bank.
About Frontier
Frontier Financial Corporation is a Washington-based financial
holding Corporation, providing financial services through its
commercial bank subsidiary, Frontier Bank, since 1978. Frontier
Bank offers a wide range of banking and financial services to
businesses and individuals in its market area, including trust,
cash management, and investment and insurance products. Frontier
operates 47 offices in Clallam, Jefferson, King, Kitsap, Pierce,
Skagit, Snohomish, Thurston, and Whatcom counties in Washington and
3 offices in Oregon. Additional information regarding Frontier Bank
and its services can be found at the bank's website:
www.frontierbank.com.
This press release includes forward-looking statements and
Frontier Financial Corporation intends for such statements to be
covered by the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
describe Frontier Financial Corporation's expectations regarding
future events, including the Corporation's ability to attain
compliance with certain NASDAQ rules. Future events are difficult
to predict and are subject to risk and uncertainty which could
cause actual results to differ materially and adversely. Additional
information regarding risks and uncertainties is included in
Frontier Financial Corporation's periodic filings on Forms 10-K and
10-Q with the Securities and Exchange Commission. Frontier
Financial Corporation undertakes no obligation to revise or amend
any forward-looking statements to reflect subsequent events or
circumstances.
Contact: Patrick M. Fahey Chairman and CEO Frontier Financial
Corporation 425-514-0700 Carol Wheeler CFO Frontier Financial
Corporation 425-514-0700
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