Key Developments: First Financial Bankshares Inc (FFIN.O)
51.03USD
9 Feb 2010
$0.23 (+0.45%)
$51.03
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$51.16
$50.74
49,995
80,209
$55.94
$36.49
Latest Key Developments
First Financial Bankshares Elects Andrews As CEO; Announces Retirement Of Martin As CEO
First Financial Bankshares announced that it has named Kirby Andrews Chief Executive Officer (CEO) of the Company effective January 1, 2010. Andrews has served as President of the bank for the past year. His appointment follows the retirement of J.V. Martin as CEO who will continue in the position of Chairman of the Board.
First Financial Bankshares Renews Loan Pact With Frost Natl Bank-DJ
Dow Jones reported that First Financial Bankshares said that it has renewed its loan agreement with Frost National Bank, that allows the Company to draw up to $50 million on a revolving line of credit. Prior to December 31, 2009, interest is paid quarterly at Wall Street Journal Prime and the credit line matures December 31, 2009.
First Financial Bankshares's First Financial Bank Sweetwater To Open New Bank Office In Merkel, Texas
First Financial Bank, N.A., Sweetwater, announced that it plans to open a new branch bank in Merkel, Texas. First Financial Bank Sweetwater is a subsidiary of First Financial Bankshares. The new Merkel branch will be First Financial Bank's fourth location. It operates banks in Sweetwater, Roby and Trent. Merkel is located along Interstate 20, between Sweetwater and Abilene in western Taylor County.
First Financial Bankshares Announces Increase In Cash Dividend
First Financial Bankshares announced that the Board of Directors declared a 6.3% increase in the quarterly cash dividend. The quarterly dividend will be raised from 32 cents to 34 cents per share and will be paid to shareholders of record on June 16, 2008, with payment set for July 1, 2008.
First Financial Bankshares Announces Increase In Cash Dividend
First Financial Bankshares announced that it has declared a 6.7% increase in the quarterly cash dividend. The quarterly dividend will be raised from $0.30 to $0.32 per share and will be paid to shareholders of record on June 15, 2007, with payment set for July 2, 2007.
First Financial Bankshares Announces Dividend Increase, Announces Stock Buyback Plan
First Financial Bankshares announced that it has declared a 7.1% increase in the quarterly cash dividend, raising the dividend to 30 cents per share, which will be paid to shareholders of record on June 16, 2006, with payment set for July 3, 2006. The Company has also announced the extension of its Stock Repurchase Plan, first adopted in 2000. The Board of Directors has authorized the repurchase of up to 500,000 shares of common stock for an additional three years. This represents 2.4% of the total shares outstanding.
First Financial Bankshares Completes Acquisition Of The First National Bank Of Bridgeport
First Financial Bankshares announced that it has completed the acquisition of Bridgeport Financial Corporation, the parent company of The First National Bank of Bridgeport, with banking offices in Bridgeport, Boyd and Decatur.
First Financial Bankshares Opens Second Bank Location In Granbury, Texas
First Financial Bankshares announced that it has opened its second bank office serving the growing community of Granbury, Texas. The new banking facility, located at 1600 S. Morgan Street (Highway 144), is part of First Financial Bank, N.A., based in Stephenville. It now has six bank locations in Stephenville, Granbury and Glen Rose.
First Financial Bankshares Announces Plans to Acquire the First National Bank of Bridgeport
First Financial Bankshares announced that it has entered into a definitive agreement to acquire Bridgeport Financial Corporation, the parent company of the First National Bank of Bridgeport, for an expected cash purchase price of $20.3 million plus the assumption of $5.5 million in debt and trust preferred securities. Pending regulatory approval, the acquisition is expected to be finalized in the fourth quarter of 2005.
First Financial Bankshares Receives Proceeds From Sale of PULSE EFT Association
First Financial Bankshares announced that it has received a special distribution of proceeds totaling $2.98 million, before related income tax, from its interest in the previously announced merger of PULSE EFT Association and Discover Financial Services, Inc. Each member bank of PULSE received consideration based on the class of membership held. It is expected that First Financial will receive a subsequent settlement amount in the next few months but these amounts are not expected to be significant. This special distribution will be reflected in income in the financial results of First Financial in the first quarter of 2005.
FACTBOX- Where has the U.S. bailout money gone?
Nov 14 (Reuters) - The U.S. Treasury's $700 billion bailout plan known as TARP (Troubled Asset Relief Program) is one of the main U.S. tools to address the financial crisis. [nCRISIS]
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