Treasure State Bank Reports Final Distribution
(firmenpresse) - MISSOULA, MT -- (Marketwired) -- 08/10/16 -- Treasure State Bank ("the Bank") (OTCBB: TRSU), a Montana chartered community bank, today announced:
The Board of Directors of the Bank, at a meeting held on July 20, 2016, declared a final distribution payable on August 30, 2016 to shareholders of record on August 15, 2016. The distribution amount is yet to be determined as allowed under the terms of a merger agreement announced on April 20, 2016, between Glacier Bancorp, Inc. ("Glacier"), (NASDAQ: GBCI) and Treasure State Bank.
Treasure State Bank''s shareholders approved the proposed merger at a special meeting of the shareholders of Treasure State Bank, held on July 20, 2016.
Under the terms of the agreement, if the adjusted capital of Treasure State Bank is greater than $9,575,557, Treasure State Bank will, upon written notice to Glacier and effective prior to closing of the merger, declare and pay a special distribution in the amount of such excess, subject to certain possible tax-related limitations. The amount cannot be specifically determined until just prior to the August 30, 2016 intended payment date.
For more information regarding this release, or the Bank in general, you may contact James Salisbury, President and CEO, or Anne Robinson, Chief Financial Officer, at 406-543-8700.
About Treasure State Bank:
Treasure State Bank, a Montana chartered community bank, is headquartered in Missoula, Montana. The Bank was founded in January 2007. Treasure State Bank currently trades on the OTCBB under the ticker symbol "TRSU". Treasure State Bank serves businesses, professionals, non-profit organizations and individuals through customized banking services and products. For more information, please visit .
Safe Harbor Statement
This communication contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Treasure State Bank and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Bank undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
James Salisbury
President & CEO
Anne Robinson
Chief Financial Officer
Treasure State Bank
3660 Mullan Road, Missoula, MT 59808
(406) 543-8700
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Datum: 10.08.2016 - 15:19 Uhr
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News-ID 1451937
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