First State Bancorporation Inc: Key Developments
First State Bancorporation Completes Sale of Colorado Branches
June 26, 2009 |
| First State Bancorporation announced that it has completed the sale of its Colorado branches to Great Western Bank, a South Dakota-based subsidiary of National Australia Bank. The terms of the transaction call for the transfer of approximately $385 million in loans, $509 million in deposits, $20 million of premises and equipment and other assets, and the payment of a deposit premium of approximately $30 million. After the write-off of the core deposit intangible associated with these deposits and transaction costs, First State expects to record a pretax gain of approximately $23 million. |
First State Bancorporation to Sell Colorado Branches
March 11, 2009 |
| First State Bancorporation announced that it has reached a definitive agreement to sell its Colorado branches to Great Western Bank, a South Dakota-based subsidiary of National Australia Bank. This agreement is subject to regulatory approval and it is anticipated to close in the summer of 2009. The terms of the transaction call for the transfer of approximately $444 million in loans, $477 million in deposits, $19 million of buildings and equipment, and the payment of a deposit premium of approximately $28 million. After the write-off of the core deposit intangible associated with these deposits and transaction costs, First State expects to record a pretax. |
First State Bancorporation Declares Dividend
April 28, 2008 |
| First State Bancorporation announced that on April 25, 2008, First State's Board of Directors declared a quarterly dividend of $0.09 per share. The dividend will be paid to shareholders of record on May 7, 2008, payable June 4, 2008. |
First State Bancorporation Declares Dividend
January 28, 2008 |
| First State Bancorporation announced that the Board of Directors declared a quarterly dividend of $0.09 per share. The dividend will be paid to shareholders of record on February 6, 2008, payable March 5, 2008. |
First State Bancorporation Announces Quarterly Dividend
October 29, 2007 |
| First State Bancorporation announced that it has declared a quarterly dividend of $0.09 per share. The dividend will be paid to shareholders of record on November 7, 2007, payable December 5, 2007. |
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