TAMPA, Fla.--(BUSINESS WIRE)--The Board of Directors of First Citrus Bancorporation, Inc. (OTCPink:FCIT) declared on August 18th, 2016 a 5% stock dividend per share of Common, Class A Preferred, and Class B Preferred. The dividend is payable on October 17th, 2016 to shareholders of record as of Oct 3rd, 2016. The dividend will increase the number of shares currently outstanding by 78,544 shares bringing total outstanding shares to 1,649,416. This dividend will be the third stock dividend paid to shareholders since the Company's inception in February 1999.
About First Citrus Bancorporation, Inc.
First Citrus Bancorporation, Inc. is a Florida corporation and the parent bank holding company for First Citrus Bank, a Florida commercial bank. First Citrus Bancorporation, Inc. is headquartered in Tampa, Florida.
Stock trades on the OTCPink under “FCIT.”
About First Citrus Bank
First Citrus Bank, a $290 million commercial bank, was established in 1999 and headquartered in Tampa. Ranked as one of the Top 25 Commercial Loan Producers in the Nation, it serves businesses and individuals through a range of tailored financial solutions designed to fit their needs. Specializing in retail and commercial banking services, the Bank has five locations throughout Tampa Bay.
First Citrus Bank creates a more vibrant Tampa Bay through financing economic growth at the local level. For additional information, please visit http://www.firstcitrus.com.
Information in this release relating to the Company’s future prospects which are forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the following: (1) operating, legal and regulatory risks, such as continued levels of loan quality and origination volume, continued relationships with major customers and technological changes; (2) economic, political and competitive forces affecting our banking business, such as changes in economic conditions, especially in our market area, interest rate fluctuations, competitive product and pricing pressures within our market, personal and corporate bankruptcies, monetary policy and inflation; (3) our ability to grow internally or through acquisitions; and (4) the risk that management’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful. Forward-looking statements may be identified by the use of words such as “expects,” “believe,” “will,” “intends,” “will be” or “would.” First Citrus Bancorporation, Inc. assumes no obligation to update the forward-looking information in this announcement, except as required under applicable law.
