CHICAGO, July 2, 2014 /PRNewswire/ -- Marquette
National Corporation (OTCQB: MNAT) today announced that its
Board of Directors declared a four-for-one stock split of its
common stock payable in the form of a stock dividend. The
four-for-one stock split will be payable on August 1, 2014 to shareholders of record on
July 18, 2014. The Company currently
has 256,429 shares of common stock issued and outstanding. The last
reported sales price for the common stock was $315.00. After the stock split, the current
number of shares of common stock outstanding will increase to
1,025,716 shares, and the per share price will be adjusted.
Paul M. McCarthy, Chairman and
Chief Executive Officer of Marquette National Corporation stated,
"The decision to declare a four-for-one stock split should
establish a market price for our stock that is, on a per share
basis, more affordable and accessible to a wider range of investors
and is intended to increase our overall shareholder base and the
liquidity in our stock over time."
Marquette National Corporation is a diversified bank holding
company with total assets of approximately $1.6 billion. The Company's banking
subsidiary, Marquette Bank, is a full-service, customer-focused
community bank that serves the financial needs of communities in
Chicagoland, offering an extensive line of financial products
including retail banking, mortgage, trust, investments and business
banking to consumers and commercial customers. Marquette Bank
has 22 branches located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New
Lenox, Oak Forest,
Oak Lawn, Orland Park, Romeoville and Summit, Illinois. For more information
visit: http://www.emarquettebank.com.
Special Note Concerning Forward-Looking
Statements
This document contains, and future oral and
written statements of the Company and its management may contain,
forward-looking statements with respect to the financial condition,
results of operations, plans, objectives, future performance and
business of the Company. Forward-looking statements, which
may be based upon beliefs, expectations and assumptions of the
Company's management and on information currently available to
management, are generally identifiable by the use of words such as
"believe," "expect," "anticipate," "plan," "intend," "estimate,"
"may," "will," "would," "could," "should" or other similar
expressions. A number of factors, many of which are beyond
the ability of the Company to control or predict, could cause
actual results to differ materially from those in its
forward-looking statements. These risks and
uncertainties should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such
statements. Additionally, all statements in this document,
including forward-looking statements, speak only as of the date
they are made, and the Company undertakes no obligation to update
any statement in light of new information or future events.
For more information:
Paul Eckroth
EVP & CFO
708-364-9011
peckroth@emarquettebank.com
SOURCE Marquette National Corporation
