Stonegate Bank Declares Quarterly Cash Dividend
06 Septembre 2017 - 12:00AM
The Board of Directors of Stonegate Bank (“Stonegate”)
(Nasdaq:SGBK) declared a quarterly cash dividend of $0.08 per
share, payable on September 29, 2017 to shareholders of record at
the close of business on September 15, 2017. This dividend
payment will be made without regard to whether the proposed merger
of Stonegate with and into, Centennial Bank, a wholly owned
subsidiary of Home BancShares, Inc. (“Home”) occurs prior to the
payment date.
About Stonegate
Stonegate Bank is a full-service commercial bank,
providing a wide range of business and consumer financial products
and services through its 24 banking offices in its target
marketplace of South and West Florida, which is comprised primarily
of Broward, Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm
Beach and Sarasota Counties in Florida. As of June 30, 2017,
Stonegate Bank had $3.1 billion in assets and $2.6 billion in
deposits. Stonegate Bank’s principal executive office and mailing
address is 400 North Federal Highway, Pompano Beach, Florida 33062
and its telephone number is (954) 315-5500.
Additional Information About the
Acquisition and Where to Find It
This communication shall not constitute an offer to
sell or the solicitation of an offer to buy any securities. In
connection with the merger, Home has filed with the Securities and
Exchange Commission (the “SEC”), and the SEC has declared
effective, a Registration Statement on Form S-4 (the “Registration
Statement”) to register the shares of Home common stock to be
issued to shareholders of Stonegate in connection with the
transaction. The Registration Statement includes a Joint Proxy
Statement of Home and Stonegate and a Prospectus of Home, as well
as other relevant materials regarding the proposed merger
transaction involving Home and Stonegate. INVESTORS AND SECURITY
HOLDERS OF HOME AND STONEGATE ARE ADVISED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS FILED WITH THE SEC
AND/OR THE FEDERAL DEPOSIT INSURANCE CORPORATION (the “FDIC”), AS
WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, IN
CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE
JOINT PROXY STATEMENT/PROSPECTUS BECAUSE THEY CONTAIN IMPORTANT
INFORMATION REGARDING THE PROPOSED MERGER TRANSACTION. Investors
and security holders may obtain free copies of these documents and
other documents filed with the SEC on the SEC’s website at
http://www.sec.gov. Investors and security holders may also obtain
free copies of the documents filed with the SEC by Home at Home’s
website at http://www.homebancshares.com, Investor Relations, or by
contacting Jennifer Floyd, by telephone at (501) 339-2929.
Investors and security holders may also read and copy any reports
that Stonegate files with the FDIC by contacting the FDIC in
writing at FDIC, Accounting and Securities Disclosure Section, 550
17th Street, NW, Washington, DC 20429, or by email at
PublicBankReports@FDIC.gov. All filings made electronically with
the FDIC may be accessed at
https://efr.fdic.gov/fcxweb/efr/index.html. You will also be able
to obtain these documents, free of charge, from SGB by accessing
SGB’s website at www.stonegatebank.com under the heading
“Investor Relations.” Copies can also be obtained, free of charge,
by directing a written request to Stonegate Bank, Attention: Kori
Smith, 400 North Federal Highway, Pompano Beach, Florida 33062.
Home and Stonegate and certain of their directors
and executive officers may be deemed to be participants in the
solicitation of proxies from the shareholders of Home and Stonegate
in connection with the merger transaction. Information about the
directors and executive officers of Home and their ownership of
Home common stock is set forth in the proxy statement for Home’s
2017 Annual Meeting of Shareholders, as filed with the SEC on
Schedule 14A on March 1, 2017. Information about the directors
and executive officers of Stonegate and their ownership of
Stonegate common stock is set forth in the Joint Proxy
Statement/Prospectus included in the Registration Statement.
Additional information regarding the interests of those
participants and other persons who may be deemed participants in
the transaction may be obtained by reading the Joint Proxy
Statement/Prospectus regarding the merger transaction. Free copies
of this document may be obtained as described in the preceding
paragraph.
Cautionary Note Regarding Forward-Looking
Statements
This press release may contain forward-looking
statements which include, but are not limited to, statements about
the benefits of the business combination transaction involving Home
and Stonegate, including the combined company’s future financial
and operating results, plans, expectations, goals and outlook for
the future. Statements in this report that are not historical facts
should be considered forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are typically identified by words such
as “believe,” “expect,” “anticipate,” “intend,” “target,”
“estimate,” “continue,” “positions,” “prospects” or “potential,” by
future conditional verbs such as “will,” “would,” “should,” “could”
or “may,” or by variations of such words or by similar expressions.
By nature, forward-looking statements involve inherent risk and
uncertainties. Investors and security holders are cautioned not to
place undue reliance on these statements, which speak only as of
the date of this report. Various factors could cause actual results
to differ materially from those contemplated by the forward-looking
statements, including, but not limited to, (i) the possibility that
the acquisition does not close when expected or at all because
required shareholder approvals and other conditions to closing are
not received or satisfied on a timely basis or at all; (ii) changes
in Home’s stock price before closing; (iii) the outcome of pending
or threatened litigation, or of matters before regulatory agencies,
whether currently existing or commencing in the future, including
litigation related to the merger; (iv) the risk that the benefits
from the transaction may not be fully realized or may take longer
to realize than expected, including as a result of changes in
general economic and market conditions, interest and exchange
rates, monetary policy, laws and regulations and their enforcement,
and the degree of competition in the geographic and business areas
in which Home and Stonegate operate; (v) the ability to promptly
and effectively integrate the businesses of Home and Stonegate;
(vi) the reaction to the transaction of the companies’ customers,
employees and counterparties; and (vii) diversion of management
time on acquisition-related issues. Additional information on
factors that might affect Stonegate's financial results is included
in its Annual Report on Form 10-K for the year ended December 31,
2016, filed with the FDIC on March 16, 2017.
INVESTOR RELATIONS:
Dave Seleski (dseleski@stonegatebank.com)
Stonegate Bank
(954) 315-5510
Stonegate Bank (Fort Lauderdale (NASDAQ:SGBK)
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