First Charter Announces Shareholder Vote In Favor of Merger with Fifth Third
January 18 2008 - 10:50AM
Business Wire
First Charter Corporation (NASDAQ: FCTR) held its special meeting
of shareholders on Friday, January 18, 2008. It was announced at
the meeting that shareholders overwhelmingly approved the merger
with Fifth Third by over 99% of shares voted. Bob James, President
and CEO of First Charter commented, �We are pleased with the
overwhelming shareholder support of the upcoming merger and look
forward to introducing the Fifth Third brand to our markets.� An
update of the merger schedule was provided in a press release
issued by First Charter on January 14, 2008 in which it was
reiterated that the merger is subject to approval of banking
regulatory authorities and the satisfaction of other closing
conditions. The update also stated that Fifth Third had submitted
the application to the Federal Reserve Board for approval of the
merger but has not yet received approval. First Charter also noted
in its update that as the passage of time makes a first quarter
closing increasingly unlikely, First Charter is now planning for a
closing in the second quarter of 2008 although no assurance can be
given in this regard. An archive of the audio webcast of the
special meeting of shareholders is available through February 1,
2008. To access the webcast, please visit the Corporation�s website
at firstcharter.com, click on the �Investor Relations� link on the
home page and select the link for �Webcast.� Forward-Looking
Statements This release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements involve certain risks and
uncertainties. For a discussion of certain factors that may cause
these forward-looking statements to differ materially from actual
results, please refer to First Charter's filings with the
Securities and Exchange Commission. First Charter undertakes no
obligation to revise or update any forward-looking statements in
order to reflect events or circumstances after the date any such
statement is made. About First Charter First Charter Corporation
(NASDAQ: FCTR), headquartered in Charlotte, North Carolina, is a
regional financial services company with assets of $4.8 billion and
is the holding company for First Charter Bank. First Charter
operates 60 locations, four insurance offices, and 137 ATMs in
North Carolina and Georgia, and also operates loan origination
offices in Asheville, North Carolina and Reston, Virginia. First
Charter provides businesses and individuals with a broad range of
financial services, including banking, financial planning, wealth
management, investments, insurance, and mortgages. For more
information about First Charter, visit the Corporation's website at
firstcharter.com or call 800-601-8471.
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