Key Developments For First Community Bancshares Inc
First Community Bancshares Inc (FCBC.O) (Nasdaq)
First Community Bancshares, Inc. Announces Third Quarter Dividend
First Community Bancshares, Inc. announced that its Board of Directors has declared a third quarter cash dividend to common stockholders of $0.10 per common share. The third quarter dividend is payable to common stockholders of record October 16, 2009, and is expected to be paid on or about October 30, 2009.
First Community Bancshares, Inc. Repays TARP Capital
First Community Bancshares, Inc. announced that it has repaid all of the $41.5 million in funds to the United States Treasury obtained under the Capital Purchase Program commonly referred to as TARP.
First Community Bancshares, Inc. Announces Second Quarter Dividend
First Community Bancshares, Inc. announced that the Board of Directors declared a second quarter cash dividend to common stockholders of $0.10 per common share. The second quarter dividend is payable to common stockholders of record July 13, 2009, and is expected to be paid on or about July 27, 2009. 2009.
First Community Bancshares, Inc. Announces Pricing Of Common Stock Offering
First Community Bancshares, Inc. announced that it has priced a public offering of 4.6 million shares of common stock at $12.50 per share for gross proceeds of $57.5 million. The Company expects to close the sale of the shares of common stock on or about June 10, 2009, subject to customary closing conditions. Sandler O`Neill + Partners, L.P. is acting as the lead book-running manager and Raymond James & Associates, Inc. is acting as co-manager for the offering. The underwriters will have a 30-day option to purchase up to an additional 690,000 shares of common stock from the Company at the offering price to cover over-allotments, if any.
First Community Bancshares, Inc. Announces Common Stock Offering
First Community Bancshares, Inc. announced its intention to commence a public offering of approximately $50million of its common stock. The shares will be issued pursuant to a prospectus supplement filed as part of an existing shelf registration statement filed with the Securities and Exchange Commission (SEC) on Form S-3 (File No. 333-153692). First Community expects to use the net proceeds from this offering for general corporate purposes which may include, among other uses, support for organic and opportunistic acquisition-based growth, as well as the repurchase of the preferred stock issued to the U.S. Department of the Treasury as part of the TARP Capital Purchase Program. Sandler O`Neill + Partners, L.P. is acting as the lead book running manager and Raymond James & Associates is acting as co manager for the offering. The underwriters will have a 30-day option to purchase up to an additional 15% of the offered amount of common stock from First Community to cover over allotments, if any.
