Stonegate Bank Declares Quarterly Cash Dividend
June 09 2014 - 1:27PM
Marketwired
Stonegate Bank Declares Quarterly Cash Dividend
POMPANO BEACH, FL--(Marketwired - Jun 9, 2014) - The Board of
Directors of Stonegate Bank (NASDAQ: SGBK) declared a quarterly
cash dividend of $0.04 per share, payable on June 30,
2014. The June 30, 2014, dividend is payable to shareholders
of record at the close of business on June 20, 2014.
About
Stonegate
Stonegate Bank is a full-service commercial bank, providing a
wide range of business and consumer financial products and services
through its 14 banking offices in its target marketplace of South
and West Florida, which is comprised primarily of Broward,
Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach and
Sarasota Counties in Florida. As of March 31, 2014, Stonegate Bank
had $1.71 billion in assets and $1.47 billion in deposits.
Stonegate Bank's principal executive office and mailing address is
400 North Federal Highway, Pompano Beach, Florida 33062 and its
telephone number is (954) 315-5500.
Forward-Looking
Statements
Any non-historical statements in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on current plans and expectations that are
subject to uncertainties and risks, which could cause our future
results to differ materially. The following factors, among others,
could cause our actual results to differ: the strength of the
United States economy in general and the strength of the local
economies in which we conduct operations; our need and ability to
incur additional debt or equity financing; our ability to execute
our growth strategy through expansion; our ability to comply with
the extensive laws and regulations to which we are subject; changes
in the securities and capital markets; changes in general market
interest rates, legislative and regulatory changes, monetary and
fiscal policies of the U.S. Treasury and the Federal Reserve,
changes in the quality or composition of our loan portfolios,
demand for loan products, changes in deposit flows, real estate
values, and competition and other economic, competitive, and
technological factors affecting our operations, pricing, products
and services; and our ability to manage the risks involved in the
foregoing. Additional factors can be found in our filings with the
FDIC, which are available at the FDIC's internet site
(http://www2.fdic.gov/efr). Forward-looking statements in this
press release speak only as of the date of the press release and
Stonegate Bank assumes no obligation to update any forward-looking
statements or the reasons why actual results could differ.
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
Stonegate Bank (Fort Lauderdale (NASDAQ:SGBK)
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