Commercial Federal Declares Previously Announced Special Dividend
09 Novembre 2005 - 10:20PM
Business Wire
Commercial Federal Corporation (NYSE:CFB) announced today that it
had declared its previously announced special dividend of $.50 per
share payable in connection with the Company's merger with Bank of
the West. Under the terms of the merger agreement with Bank of the
West, each share of Commercial Federal common stock will be
converted into the right to receive $34.00 in cash and shareholders
of record as of immediately prior to the completion of the merger
will be entitled to receive the special dividend of $.50 per share.
The merger is expected to close December 2, 2005, subject to
satisfaction of customary closing conditions. About Commercial
Federal Corporation Commercial Federal Corporation is the parent
company of Commercial Federal Bank (www.comfedbank.com), a $10.2
billion federal savings bank founded in Omaha in 1887. It has 198
branches in Nebraska, Iowa, Colorado, Kansas, Oklahoma, Missouri
and Arizona. Commercial Federal operations include consumer and
commercial banking services, including retail banking, commercial
and industrial lending, small business banking, construction
lending, cash management, and insurance and investment services.
Forward Looking Statements This release contains forward-looking
statements, including statements regarding anticipated timing of
the transaction. Such statements reflect management's best judgment
as of this date, but they involve risks and uncertainties that
could cause actual results to differ materially from those
presented. Factors that could cause such differences include,
without limitation the risk that the transaction closing is delayed
or that the transaction does not close and other factors described
in our recent filings with the Securities and Exchange Commission.
Readers should carefully consider those risks and uncertainties in
reading this release. Except as otherwise required by law,
Commercial Federal Corporation disclaims any obligation to update
any forward-looking statements included herein to reflect future
events or developments.
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