YUMA, Ariz.--(BUSINESS WIRE)--TFB Bancorp, Inc. (“TFB”), the holding company of The Foothills Bank, today announced that it effected a three-for-one stock split of its common stock, par value $5.00 per share, on April 21, 2015. As a result of this stock split, shareholders of record as of the close of business on April 21, 2015 are entitled to receive two new shares of common stock for each share they own as of such date. The additional shares have been distributed by TFB’s transfer agent, Computershare Trust Company, N.A., on April 21, 2015. After the stock split, the total number of shares of TFB’s common stock outstanding increased from 753,744 shares to 2,261,232 with no change in par value. Similarly, the stock split increased the authorized number of shares of TFB’s common stock from 3,000,000 shares to 9,000,000.
About TFB Bancorp, Inc.
TFB Bancorp, Inc. is the holding company for The Foothills Bank. Founded in 1997, The Foothills Bank provides full service community banking services with branch office locations serving the Arizona counties of Yuma, Pinal and Yavapai. For additional information, please visit TFB’s website at www.thefoothillsbank.com.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of TFB to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. You can identify these forward-looking statements by the use of words like “strategy,” “anticipates,” “expects,” “plans,” “believes,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets,” and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. Forward-looking statements include, but are not limited to, those made in connection with attractiveness of common stock to potential investors following a stock split and with respect to the future results of operations, financial condition and the business of TFB which are subject to change based on the impact of various factors that could cause actual results to differ materially from those projected or suggested due to certain risks and uncertainties. These risks and uncertainties include, but are not limited to, changes in general economic conditions, interest rates, deposit flows, loan demand, internal controls, legislation or regulation and accounting principles, policies or guidelines, as well as other economic, competitive, governmental, regulatory and accounting and technological factors affecting TFB’s operations. TFB assumes no obligation to update any forward-looking statements as a result of new information or future events or developments.
