| The Board of Directors of AMB Financial Services Corporation, the holding company for American Marine Bank, has approved a 3-for-1 split of the Company’s common stock. Each shareholder of record at the close of business on April 30 will receive 2 additional shares for every outstanding share held on the record date. New stock certificates will be issued and distributed and trading will begin on a split-adjusted basis on May 15. A blackout date will be imposed between April 30 and May 15, as no transactions will be processed during this period.
Those interested in becoming new shareholders after the split must purchase a minimum of 300 shares.
“This is the ninth time that our stock has split since the company began as Bainbridge Island Bank in 1948, with the most recent split occurring in 2001,” commented Rex Townsend, president and CEO. “The value added to our long-term shareholders has been tremendous. One share purchased for $140 in 1948 would now equal 2,880 shares, and through today, the purchaser of that one share in 1948 would have collected $37,917 in dividends.”. |
