Stonegate Bank Declares Dividend
March 11 2014 - 2:42PM
Marketwired
Stonegate Bank Declares Dividend
POMPANO BEACH, FL--(Marketwired - Mar 11, 2014) - The Board of
Directors of Stonegate Bank (OTCBB: SGBK) declared a quarterly cash
dividend of $0.04 per share, payable on March 28, 2014. The March
28, 2014, dividend is payable to shareholders of record at the
close of business on March 19, 2014.
Stonegate Bank is a state-chartered commercial bank with offices
in Boca Raton (2), Coral Gables, Coral Springs, Doral, Englewood,
Fort Lauderdale (2), Fort Myers (3), Jupiter, Naples, Pompano
Beach, Sarasota, Tampa and Venice. As of December 31, 2013, and
prior to the acquisition of Florida Shores Bancorp and their two
subsidiary banks, Stonegate had $1.09 billion in assets and $936
million in deposits.
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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