Community Investors Bancorp, Inc. Revises Terms of Previously Announced Reverse Stock Split
27 Maggio 2005 - 11:05PM
PR Newswire (US)
Community Investors Bancorp, Inc. Revises Terms of Previously
Announced Reverse Stock Split BUCYRUS, Ohio, May 27
/PRNewswire-FirstCall/ -- Community Investors Bancorp, Inc. (the
"Company") (NASDAQ:CIBI), announced today that its board of
directors has revised the terms of its previously announced reverse
stock split. The revised plan will involve a 1 for 300 reverse
stock split. The Company had previously announced that the reverse
stock split would be based on a 1 for 225 formula. Phil Gerber, the
Company's President and Chief Executive Officer, commented that,
"Upon further review of the terms of the proposed going private
transaction, the Company determined it was advisable to modify the
stock split formula. All other terms of the previously announced
transaction remain unchanged. The Company continues to be committed
to pursuing the going private transaction." At March 31, 2005,
Community Investors Bancorp, Inc. reported total assets of $122.8
million, total liabilities of $109.8 million, including total
deposits of $83.5 million and total stockholders' equity of 13.0
million. First Federal Community Bank of Bucyrus has severed the
Bucyrus and Crawford county area since 1888. The Company currently
has four office locations plus a free-standing ATM facility in
Crawford County. DATASOURCE: Community Investors Bancorp, Inc.
CONTACT: Phillip W. Gerber, President and Chief Executive Officer
of Community Investors Bancorp, Inc., +1-419-562-7055
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