FCB Financial Holdings, Inc. Post Hurricane Michael Update
16 Octobre 2018 - 9:13PM
Business Wire
FCB Financial Holdings, Inc. (NYSE: FCB) today reports it
remained 100% operational throughout the storm and currently
expects only nominal customer business interruption or credit
impact as a result of the storm.
“FCB, your Florida Based and Florida Focused institution, is
committed to our local communities and is already working with
customers to ensure they recover quickly. Our thoughts and energy
are directed to our customers, employees and neighbors impacted by
Hurricane Michael,” said Kent Ellert, FCB President & CEO.
To date, the Bank has contacted every commercial and consumer
client in impacted areas since the storm. Based on these client
interactions and the review of all exposures, we do not anticipate
any material adverse portfolio or economic impacts to FCB as a
result of Hurricane Michael. Consistent with our underwriting
policies, client interactions indicate a large majority of
hurricane related damage is covered by insurance proceeds, excess
collateral value and guarantor support with recovery timelines
varying from immediate to repairs requiring short-term
downtime.
FCB performance updates:
- Comprehensive customer outreach
contacting every commercial and consumer client in impacted areas
representing nearly $57 million in loans outstanding.
Consisting of;
- $55 million of commercial and
commercial real estate loans and
- $2 million in residential loans.
Forward-Looking Statements
This release may contain “forward-looking statements” within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. Any statements about our expectations, beliefs, plans,
strategies, predictions, forecasts, objectives or assumptions of
future events or performance are not historical facts and may be
forward-looking. These statements are often, but not always, made
through the use of words or phrases such as “anticipates,”
“believes,” “expects,” “can,” “could,” “may,” “predicts,”
“potential,” “opportunity,” “should,” “will,” “estimate,” “plans,”
“projects,” “continuing,” “ongoing,” “expects,” “seeks,” “intends”
and similar words or phrases. Accordingly, these statements involve
estimates, known and unknown risks, assumptions and uncertainties
that could cause actual strategies, actions or results to differ
materially from those expressed in them, and are not guarantees of
timing, future results or other events or performance. Because
forward-looking statements are necessarily only estimates of future
strategies, actions or results, based on management’s current
expectations, assumptions and estimates on the date hereof, and
there can be no assurance that actual strategies, actions or
results will not differ materially from expectations, you are
cautioned not to place undue reliance on such statements.
Additional information regarding certain risks, uncertainties and
other factors that could cause actual strategies, actions and
results to differ materially from those contemplated in
forward-looking statements is included from time to time in our
filings with the SEC, including under the heading “Risk Factors” in
our most recent Annual Report on Form 10-K. Any forward-looking
statement speaks only as of the date on which it is made, and FCB
Financial Holdings, Inc. undertakes no obligation to update any
forward-looking statement, whether to reflect events or
circumstances after the date on which the statement is made, to
reflect new information or the occurrence of unanticipated events,
or otherwise.
About Florida Community Bank
FCB Financial Holdings, Inc. (NYSE: FCB) is the largest
community banking company and the second largest Florida-based
independent bank, and among the most highly capitalized banks in
the state. Recently, FCB was ranked #8 among Forbes’ “Best Banks in
America,” marking the second consecutive year FCB was included
among the publication’s top 10 leading U.S. banks. FCB was also
awarded a five-star rating from Bauer Financial™, FCB assets are
more than $12 billion, with capital ratios that exceed regulatory
standards. Since its founding in 2010, FCB has been steadfast in
its commitment to delivering personalized service, innovation, and
products and services equal to those offered by the national banks.
Similarly, FCB recognizes the importance of community, fostering a
corporate culture that promotes employee volunteerism at all
levels, while supporting community-based programs and partnerships
that help promote greater financial independence and improved
quality of life for families. FCB serves individuals, businesses
and communities across the state with 50 full-service banking
centers from east to west, and from Daytona Beach to Miami-Dade.
For more information, visit FloridaCommunityBank.com. Equal Housing
Lender, Member FDIC.
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FCB Financial Holdings, Inc.Matthew Paluch,
305-668-5420IR@fcb1923.com
FCB FINANCIAL HOLDINGS, INC. (NYSE:FCB)
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