Federal Trust Corporation Announces Opening of Eustis Branch
24 Ottobre 2006 - 11:03PM
PR Newswire (US)
SANFORD, Fla., Oct. 24 /PRNewswire-FirstCall/ -- James V.
Suskiewich, Chairman and Chief Executive Officer of Federal Trust
Corporation, announced today that Federal Trust Bank has opened its
ninth branch office at 256 W. County Road 44, Eustis, Florida.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990513/FDTRLOGO ) "We
are very excited about our new branch that provides the Bank with
our first branch office in Lake County," stated Mr. Suskiewich.
"The Eustis office is our third new branch office opened in 2006.
The branch is a prime location located on the corner of CR 44 and
SR 19 in a Publix shopping center. We are equally pleased to
announce Betty Whittaker as manager. Betty joined Federal Trust in
December 2005 and brings a wealth of experience as we enter this
new market." Chairman Suskiewich concluded in saying, "Our Palm
Coast branch in Flagler County and our Edgewater branch in Eastern
Volusia County should begin construction before the end of 2006,
completing our branch expansion strategy." Federal Trust
Corporation is a unitary thrift holding company and is the parent
company of Federal Trust Bank, a $723 million federally-chartered,
FDIC-insured savings bank. Federal Trust Bank operates from nine
full-service offices in Florida that are located in Seminole,
Volusia, Orange and Lake Counties. The Executive and Administrative
Offices of the Company are located in Sanford, Florida. Federal
Trust Corporation's common stock is traded on the American Stock
Exchange under the symbol "FDT." At October 23, 2006, the closing
price was $10.23 per share. Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995 Certain statements in this
press release may contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
which statements generally can be identified by the use of forward-
looking terminology, such as "may," "will," "expect," "estimate,"
"anticipate," "believe," "target," "plan," "project," or "continue"
or the negatives thereof or other variations thereon or similar
terminology, and are made on the basis of management's plans and
current analyses of Federal Trust Corporation, its business and the
industry as a whole. These forward-looking statements are subject
to risks and uncertainties, including, but not limited to, economic
conditions, competition, interest rate sensitivity and exposure to
regulatory and legislative changes. For further information
regarding Federal Trust Corporation, please read the Federal Trust
Corporation reports filed with the SEC and available at
http://www.sec.gov/. Press Releases and other information about
Federal Trust Corporation can be found on PR Newswire at
http://www.prnewswire.com/ or at Federal Trust's website at
http://www.federaltrust.com/. For more information, contact: Marcia
Zdanys, Corporate Secretary/Investor Relations (407) 323-1833
http://www.newscom.com/cgi-bin/prnh/19990513/FDTRLOGO
http://photoarchive.ap.org/ DATASOURCE: Federal Trust Corporation
CONTACT: Marcia Zdanys, Corporate Secretary-Investor Relations of
Federal Trust Corporation, +1-407-323-1833 Web site:
http://www.federaltrust.com/
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