Farmers Bankshares, Inc. Announces Five for One Stock Split
WINDSOR, VA, September 1, 2015 – Farmers Bankshares, Inc. (FBVA), the Windsor-based holding company for Farmers Bank, announced that the Board of Directors has approved a 5 for 1 stock split on its common stock. Shareholders on record as of October 2, 2015 will receive 4 additional shares, via book-entry, for each share held, payable on October 15, 2015. After the stock split, the number of outstanding shares will increase from 610,016 to 3,050,080.
Richard J. Holland, Jr., Chairman and Chief Executive Officer, stated, “The stock split serves to expand our shareholder base by making the stock price more attractive to investors of all sizes. It should also benefit shareholders by creating a more liquid market for our stock and increase trade activity. Management and the Board’s decision to split the stock further emphasizes our commitment to the strategic growth of Farmers Bank.”
The common stock of Farmers Bankshares, Inc. trades on the NASDAQ market as an Over-the-Counter Bulletin Board stock under the symbol FBVA. Any stockbroker can assist with the purchase of the company’s stock, as well as with sales of holdings.
Farmers Bank, founded in 1919, is headquartered in Windsor, VA, and is a full-service community bank that operates six branches throughout Western Tidewater Virginia. Additional information is available at the company’s website, www.farmersbankva.com.
Contact: Richard J. Holland, Jr., Chairman and Chief Executive Officer, 757-242-6111