Stonegate Bank Declares Dividend
27 October 2012 - 1:43AM
Marketwired
The Board of Directors of Stonegate Bank (OTCBB: SGBK) today
declared a cash dividend of $0.04 per common share, payable on
November 26, 2012. This dividend is payable to shareholders of
record at the close of business on November 9, 2012. Based on
8,239,334 common shares currently outstanding, the November 26,
2012 dividend represents a payout of approximately $329,573.
Stonegate Bank is a state-chartered commercial bank with $942
million in assets as of September 30, 2012, with offices in Fort
Lauderdale, Boca Raton, Coral Springs, Jupiter, Naples, Coral
Gables, Fort Myers and Tampa.
The Bank cautions that certain statements contained in this
press release are "forward-looking statements" as defined under the
Private Securities Litigation Reform Act of 1995, which statements
are made pursuant to the "safe harbor" provisions of such Act.
These forward-looking statements describe future plans or
strategies and may include the Bank's expectations of future
financial results. The words "believe," "expect," "anticipate,"
"estimate," "project," and similar expressions identify
forward-looking statements. The Bank's ability to predict results
or the effect of future plans or strategies or qualitative or
quantitative changes is inherently uncertain. Actual results may
differ materially from stated expectations. Specific factors
include, but are not limited to, changes in general market interest
rates, changes in general economic conditions and those specific to
the Bank's market area, legislative/regulatory changes, monetary
and fiscal policies of the U.S. Treasury and the Federal Reserve,
changes in the quality or composition of the Bank's loan
portfolios, demand for loan products, changes in deposit flows,
real estate values, and competition and other economic,
competitive, governmental, regulatory and technological factors
affecting the Bank's operations, pricing, products and services.
The Bank makes periodic filings to the Federal Deposit Insurance
Corporation which contain various Bank financial information,
copies of which are available from the Bank without charge. The
Bank disclaims any obligation to update any such factors or to
publicly announce the results of any revisions to any
forward-looking statements contained in this release to reflect
future events or developments.
MEDIA CONTACT: Ansley Campbell (Email Contact) Sissy
DeMaria (Email Contact) Kreps DeMaria (305) 663-3543 INVESTOR
RELATIONS: Dave Seleski (Email Contact) Stonegate Bank
(954) 315-5510
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