FirstAtlantic Financial Holdings, Inc. Declares Its First Cash Dividend Payment to Shareholders
JACKSONVILLE, Fla., March 26, 2015 /PRNewswire/ -- FirstAtlantic Financial Holdings, Inc. (OTCQX: FFHD), the holding company for FirstAtlantic Bank, today announced that the Company has declared a cash dividend of $.10 per share on the Company's common stock.
The dividend will be payable to shareholders of record as of April 6, 2015 and will be paid on or about April 28, 2015. This dividend represents the first dividend paid to common shareholders in the Company's history.
"We are pleased to be able to share the financial success of FirstAtlantic with our shareholders," said Mitchell W. Hunt, Jr., president & chief executive officer. "We believe the ability to return value to our shareholders is an indication of the Company's financial strength and our positive outlook for the future."
About FirstAtlantic Financial Holdings, Inc.:
FirstAtlantic Financial Holdings, Inc. is the holding company for FirstAtlantic Bank, which is a full service community bank, headquartered in Jacksonville, Florida. FirstAtlantic Bank has approximately $400 million in assets and eight financial centers located in Jacksonville, Orange Park, St. Augustine and Ponte Vedra Beach. FirstAtlantic Bank (www.bankfirstatlantic.com) is dedicated to serving businesses, professionals, and consumers while offering a full array of banking services. FirstAtlantic Bank has earned a 5-star rating from Bauer Financial and was named one of the Top 10 SBA Lenders by the Jacksonville Business Journal.
Forward-Looking Statements
This release may contain forward-looking statements that are subject to risks and uncertainties including statements regarding the Company's financial strength and its outlook for the future. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Company is conducting its operations, including the real estate market in Florida and other factors beyond the Company's control. Such risks and uncertainties could cause actual results to differ materially from those indicated by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
SOURCE FirstAtlantic Financial Holdings, Inc.
Related Links
http://www.bankfirstatlantic.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article