Federal Trust Corporation Announces Opening of Port Orange Branch
12 Luglio 2006 - 11:20PM
PR Newswire (US)
SANFORD, Fla., July 12 /PRNewswire-FirstCall/ -- James V.
Suskiewich, Chairman and Chief Executive Officer of Federal Trust
Corporation, announced today that Federal Trust Bank has opened its
eighth branch office at 3880 S. Nova Road, Port Orange, Florida.
Sandra Meares has been named manager of the new branch office.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990513/FDTRLOGO ) "We
are very excited about our new branch that provides the Bank with a
prime location in Eastern Volusia County," stated Mr. Suskiewich.
"The Port Orange office is our second new branch office opened in
2006. The Nova Road branch is a prime location in Port Orange and
will enhance our Volusia County market presence and support our
existing New Smyrna Beach branch. In addition, we are finalizing
our plans for another Volusia County branch in Edgewater, to the
south of New Smyrna Beach. Chairman Suskiewich concluded in saying,
"Our Eustis branch in Lake County is nearing completion and we
expect to begin construction on our Palm Coast branch in Flagler
County before the end of 2006. It's clear that our branch expansion
strategy is on schedule." Federal Trust Corporation is a unitary
thrift holding company and is the parent company of Federal Trust
Bank, a $738 million federally-chartered, FDIC-insured savings
bank. Federal Trust Bank operates from eight full- service offices
in Florida that are located in Seminole, Volusia and Orange
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 July 11, 2006, the closing price was $10.90 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. The above factors, in some
cases, have affected, and in the future could affect Federal Trust
Corporation's financial performance and could cause actual results
for fiscal 2006 and beyond to differ materially from those
expressed or implied in such forward-looking statements. Federal
Trust Corporation does not undertake to publicly update or revise
its forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied
therein will not be realized. 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,
Federal Trust Corporation, +1-407-323-1833 Web site:
http://www.federaltrust.com/
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