Community First Bankshares, Inc. Postpones Annual Meeting
March 31 2004 - 10:00AM
PR Newswire (US)
Community First Bankshares, Inc. Postpones Annual Meeting FARGO,
N.D., March 31 /PRNewswire-FirstCall/ -- Community First
Bankshares, Inc. has postponed its Annual Meeting of Shareholders
scheduled for April 20, 2004, at 10:00 a.m., in light of the
company's merger agreement with BancWest Corporation. Community
First currently expects that its Annual Meeting of Shareholders
will be held in conjunction with the meeting at which its
shareholders will vote on the merger with BancWest. Information
relating to that meeting will be released when available. About
Community First Bankshares, Inc. Community First Bankshares, Inc.
is a bank holding company that operates Community First National
Bank, which has 155 offices in 12 states -- Arizona, California,
Colorado, Iowa, Minnesota, Nebraska, New Mexico, North Dakota,
South Dakota, Utah, Wisconsin and Wyoming. The banking offices are
community banks that provide a full range of commercial and
consumer banking services primarily to businesses and individuals
in small and medium-sized communities and the surrounding market
areas. Community First also owns insurance agencies in 47
communities operated through Community First Insurance, Inc. This
release contains forward-looking statements, including statements
regarding anticipated timing of the transaction and possible
performance of the combined company after the transaction is
completed. Such statements reflect management's best judgment as of
this date, but they involverisks and uncertainties that could cause
actual results to differ materially from those presented. Factors
that could cause such differences include, without limitation, (1)
the possibility that regulatory approvals may be delayed or denied
or that burdensome conditions may be imposed in connection with
such approvals; (2) the possibility of customer or employee
attrition following this transaction; (3) failure to fully realize
expected cost savings from the transaction; (4) lower than expected
revenues following the transaction; (5) problems or delays in
bringing together the two companies; (6) the possibility of adverse
changes in global, national or local economic or monetary
conditions, (7) competition and change in the financial services
business, and (8) other factors described in our recent filings
with the Securities and Exchange Commission. Those factors or
others could result, for example, in delay or termination of the
transaction discussed above. Readers should carefully consider
those risks and uncertainties in reading this release. Except as
otherwise required by law, BancWest and Community First Bankshares
disclaim any obligation to update any forward-looking statements
included herein to reflect future events or developments. In
connection with the proposed transaction between Community First
and BancWest, Community First will be filing proxy statements and
other materials with the Securities and Exchange Commission.
Investors are urged to read the proxy statement and thesematerials
when they are available because they contain important information.
Community First and its officers and directors may be deemed to be
participants in the solicitation of proxies with respect to the
proposed transaction matters. Information regarding such
individuals is included in Community First's proxy statements and
Annual Reports on Form 10-K previously filed with the Securities
and Exchange Commission, and in the proxy statement relating to the
merger when it becomes available. Investors may obtain a free copy
of the proxy statements and other relevant documents when they
become available as well as other materials filed with the
Securities and Exchange Commission concerning Community First and
these individuals at the Securities and Exchange Commission's
website at http://www.sec.gov/ . These materials and other
documents may also be obtained for free from: Community First
Bankshares, Inc., 520 Main Avenue, Fargo, North Dakota 58124, Attn:
Investor Relations. DATASOURCE: Community First Bankshares, Inc.
CONTACT: Jeff Wilhoit of Financial Relations Board,
+1-312-640-6757, ; Carol Renner of Community First Bankshares,
Inc., +1-701-298-5709,
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