Federal Trust Corporation Signs Ground Lease for Lake Mary Branch
07 Ottobre 2004 - 11:27PM
PR Newswire (US)
Federal Trust Corporation Signs Ground Lease for Lake Mary Branch
SANFORD, Fla., Oct. 7 /PRNewswire-FirstCall/ -- Stephen C. Green,
Executive Vice President and Chief Operating Officer of Federal
Trust Bank, reported today that the Bank has executed a ground
lease for a new branch site in Lake Mary, Florida. Mr. Green noted,
"The site is an ideally suited out- parcel in a premier retail
plaza at Rinehart Road and Timacuan Blvd. The location of the
branch will be an excellent complement to our existing Seminole
County branches in Sanford and Casselberry. Lake Mary has a strong
demographic profile and should make a positive impact on our
franchise as our seventh branch. We expect to begin construction in
early 2005 and open the branch by the middle of the year," noted
Mr. Green. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990513/FDTRLOGO ) Federal
Trust Corporation is a unitary thrift holding company and is the
parent company of Federal Trust Bank, an FDIC-insured savings bank.
Federal Trust Bank operates from six full-service offices in
Florida that are located in Orange, Seminole and Volusia Counties.
The Executive and Administrative Offices of the Company are located
in Sanford, Florida. The Company's common stock is traded on the
American Stock Exchange under the symbol "FDT." Cautionary
Statement Regarding Forward-Looking Statements We have made
forward-looking statements in this announcement that are subject to
risks and uncertainties. When we use any of the words "believes,"
"expects," "anticipates," "intends," "may," or similar expressions,
we are making forward-looking statements. Many possible events or
factors could affect our future financial results, and could cause
those results or performances to differ materially from those
expressed in our forward-looking statements. These possible events
or factors include the following: legal and regulatory risks and
uncertainties; economic, political and competitive forces affecting
our businesses, our markets, our constituencies or our securities;
and the risk that our analyses of these risks and forces could be
incorrect, or that the strategies we have developed to deal with
them may not succeed. You should recognize that all forward-looking
statements are necessarily speculative and speak only as of the
date made. You should also recognize that various risks and
uncertainties, such as those described above, could cause actual
results for future periods to differ materially. Although we
believe that the expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that any
expectations will prove to be correct. We undertake no obligation
to publicly update or revise any forward- looking statements,
whether as a result of new information, future events or otherwise.
In light of these risks, uncertainties and assumptions, the
forward-looking events discussed in this prospectus might not
occur. Press Releases and other information about Federal Trust
Corporation can be found on the PR Newswire at
http://www.prnewswire.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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