Community First Bankshares, Inc. Schedules Annual Meeting
25 Mai 2004 - 11:15PM
PR Newswire (US)
Community First Bankshares, Inc. Schedules Annual Meeting FARGO,
N.D., May 25 /PRNewswire-FirstCall/ -- Community First Bankshares,
Inc. will hold its Annual Meeting of Shareholders on June 30, 2004,
at 2:00 p.m. CDT, Le Meridien Hotel, 601 First Avenue North,
Minneapolis, Minn. The items on the agenda are: -- Approval of the
agreement and plan of merger with BancWest Corporation, dated March
15, 2004 -- Election of directors -- Ratification of the
appointment of the company's independent auditors Shareholders of
record at the close of business on May 19, 2004, will be eligible
to be present and vote at the meeting. The company filed its
definitive proxy statement with the Securities & Exchange
Commission on May 24, 2004. Proxy materials regarding this special
shareholder meeting are being mailed to shareholders. On March 16,
BancWest Corporation and Community First announced a definitive
merger agreement in which BancWest would acquire Community First.
BancWest will pay $32.25 for each Community First share in a cash
transaction valued at $1.2 billion. The merger requires approval
from Community First shareholders and banking regulators. About
Community First Bankshares, Inc. Community First Bankshares, Inc.
is a bank holding company that operates Community First National
Bank, which has 156 offices in 12 states -- Arizona, California,
Colorado, Iowa, Minnesota, Nebraska, New Mexico, North Dakota,
South Dakota, Utah, Wisconsin and Wyoming. The banking offices are
community banks that provide a full range of commercial and
consumer banking services primarily to businesses and individuals
in small and medium-sized communities and the surrounding market
areas. Community First also owns insurance agencies in 47
communities operated through Community First Insurance, Inc. This
release contains forward-looking statements, including statements
regarding anticipated timing of the transaction and possible
performance of the combined company after the transaction is
completed. Such statements reflect management's best judgment as of
this date, but they involve risks and uncertainties that could
cause actual results to differ materially from those presented.
Factors that could cause such differences include, without
limitation, (1) the possibility that regulatory approvals may be
delayed or denied or that burdensome conditions may be imposed in
connection with such approvals; (2) the possibility of customer or
employee attrition following this transaction; (3) failure to fully
realize expected cost savings from the transaction; (4) lower than
expected revenues following the transaction; (5) problems or delays
in bringing together the two companies; (6) the possibility of
adverse changes in global, national or local economic or monetary
conditions; (7) competition and change in the financial services
business, and (8) other factors described in our recent filings
with the Securities and Exchange Commission. Those factors or
others could result, for example, in delay or termination of the
transaction discussed above. Readers should carefully consider
those risks and uncertainties in reading this release. Except as
otherwise required by law, BancWest and Community First Bankshares
disclaim any obligation to update any forward-looking statements
included herein to reflect future events or developments. In
connection with the proposed transaction between Community First
and BancWest, Community First has filed proxy statements and other
materials with the Securities and Exchange Commission. Investors
are urged to read the proxy statement and these materials when they
are available because they contain important information. Community
First and its officers and directors may be deemed to be
participants in the solicitation of proxies with respect to the
proposed transaction matters. Information regarding such
individuals is included in Community First's proxy statements and
Annual Reports on Form 10-K previously filed with the Securities
and Exchange Commission, and in the proxy statement relating to the
merger when it becomes available. Investors may obtain a free copy
of the proxy statements and other relevant documents when they
become available as well as other materials filed with the
Securities and Exchange Commission concerning Community First and
these individuals at the Securities and Exchange Commission's
website at http://www.sec.gov/ . These materials and other
documents may also be obtained for free from: Community First
Bankshares, Inc., 520 Main Avenue, Fargo, North Dakota 58124, Attn:
Investor Relations. DATASOURCE: Community First Bankshares, Inc.
CONTACT: Jeff Wilhoit of Financial Relations Board,
+1-312-640-6757, , or Mark A. Anderson of Community First
Bankshares, Inc., +1-701-298-5600,
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