Key Developments For NB&T Financial Group, Inc.
NB&T Financial Group, Inc. (NBTF.O) (Consolidated Issue listed on NASDAQ Capital Market)
NB&T Financial Group, Inc. Announces Third Quarter Dividend
NB&T Financial Group, Inc. announced that it has declared a dividend of $.29 per share payable October 26, 2009, to shareholders of record September 30, 2009.
NB&T Financial Group, Inc. to Acquire Community National Corporation
NB&T Financial Group, Inc. and Community National Corporation (Community), parent company of Community National Bank, Franklin, Ohio, announced a definitive agreement for the merger of Community into NBTF in a cash and stock transaction. Under the terms of the merger agreement the shareholders of Community holding of record more than 1,500 shares will be entitled to elect to receive for each share of Community common stock $11.41 in cash, 0.761 common shares of NBTF, or a combination of both. Shareholders holding of record 1,500 or fewer Community shares will be entitled to receive for each share of Community common stock $11.41 in cash. The form of consideration to be received by each Community shareholder is subject to reallocation in order to ensure that 50% of the outstanding Community shares are exchanged for cash and 50% are exchanged for NBTF common shares. The consideration also may be reduced based on a reduction in the tangible net worth of Community prior to closing, and Community shareholders may receive additional cash consideration if Community receives certain insurance proceeds. The transaction is valued at approximately $6.8 million based on the $13.74 closing trade price for each NBTF common share most recently reported on The NASDAQ Stock Market. The receipt of NBTF common shares by Community shareholders is expected to qualify as a tax-free exchange. As of June 30, 2009, Community had 624,458 common shares outstanding.
NB&T Financial Group, Inc. Declares Dividend
NB&T Financial Group, Inc. announced that it has declared a dividend of $0.28 per share payable July 23, 2007 to shareholders of record June 30, 2007. This amount is an increase of 3.7% from the dividend of $0.27 per share declared in June 2006.
NB&T Financial Group, Inc. Announces Stock Repurchase Program
NB&T Financial Group, Inc. announced that it has approved repurchasing up to 170,000 common shares of the Company. The stock may be repurchased in either public or privately negotiated transactions. The repurchase program will expire in April 2008. The stock will be treated as treasury shares available for general corporate purposes.
NB&T Financial Group, Inc. Announces First Quarter Dividend
NB&T Financial Group, Inc. announced that it has declared a dividend of $.28 per share payable April 16, 2007, to shareholders of record March 31, 2007. This amount is an increase of 3.7% from the dividend of $.27 per share declared in December 2006.
