Poage Bankshares, Inc. to Commence Stock Offering Associated With Pending Conversion Merger Transaction With Commonwealth Bank, F.S.B.
ASHLAND, Ky. and
Poage is offering between 106,834 and 144,540 shares of common stock, subject to increase to up to 166,221 shares, for sale at a price of
Information regarding the stock offering and voting by Commonwealth's members may be obtained by contacting the
The completion of the conversion merger and the related stock offering is subject to the sale by Poage of a minimum of 106,834 shares of common stock, the receipt of final regulatory approval and the approval of Commonwealth's members, and the satisfaction of other customary closing conditions. The transaction is expected to close in the second quarter of 2015.
About
About
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act, relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Poage and Commonwealth. Forward-looking statements are typically identified by words such as "believe", "plan", "expect", "anticipate", "intend", "outlook", "estimate", "forecast", "will", "should", "project", "goal", and other similar words and expressions. These forward-looking statements involve certain risks and uncertainties. In addition to factors previously disclosed in Poage's reports filed with the
Other Information
Poage has filed a registration statement relating to the shares of common stock with the
The directors and executive officers of Commonwealth are participants in the solicitation of proxies in favor of the conversion merger from the members of Commonwealth. Information regarding this solicitation is contained in the proxy solicitation materials being mailed to the members of Commonwealth.
The shares of common stock of Poage are not savings or deposit accounts and are not insured by the
Contacts:
Ralph E. "Gene" Coffman, Jr.
President and Chief Executive Officer
(606) 324-7196
(859) 498-5728
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/poage-bankshares-inc-to-commence-stock-offering-associated-with-pending-conversion-merger-transaction-with-commonwealth-bank-fsb-300059672.html
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