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First Advantage Bancorp announces 40% increase in Quarterly Cash Dividends
Posted By Clarksville Online News Staff On Wednesday, January 30, 2013 @ 2:00 pm In Business | No Comments
Clarksville, TN – The Board of Directors of First Advantage Bancorp (Nasdaq: FABK), the holding company of First Advantage Bank, has declared an increase in quarterly dividends paid to shareholders to $0.07. The change represents a 40 percent increase from the previous dividend rate of $0.05.
The cash dividend will be paid on February 15th, 2013 to shareholders of record on February 1st, 2013.“The Board is pleased to deliver a return to the shareholders who have invested in our organization, reflecting our performance in 2012. We are confident that our continued strong financial performance and growth strategy will help leverage our capital to build shareholder value,” said First Advantage Bancorp Director and First Advantage Bank CEO Earl Bradley.
First Advantage Bancorp became publicly traded in 2007 and has paid quarterly dividends on common shares since 2008.
First Advantage Bank operates five full-service banking centers in Clarksville and one in Nashville, and offers an array of business banking, personal banking, and mortgage products and services.
For more information about First Advantage Bank, visit www.firstadvantagebanking.com .
First Advantage Bank was founded in 1954 as First Federal Savings Bank. As an independent community bank, First Advantage Bank has the strength and capacity to support the financial well-being of customers and communities across the state with a broad range of financial products and services.
With deep roots in commercial and mortgage lending, First Advantage Bank is a trusted financial partner for businesses, individuals and families. First Advantage Bank, a wholly owned subsidiary of First Advantage Bancorp (Nasdaq: FABK), is an Equal Housing Lender and Member FDIC.
For more information visit www.firstadvantagebanking.com  or follow the company on Facebook, Twitter or YouTube.
Certain statements contained herein are forward-looking statements that are based on assumptions and may describe future plans, strategies, and expectations of First Advantage Bancorp. These forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain.
Factors which could have a material adverse effect on the operations of the Company and its subsidiary include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in First Advantage Bank’s market area, changes in real estate market values in First Advantage Bank’s market area, changes in relevant accounting principles and guidelines and the inability of third party service providers to perform.
These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.
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