First State Bancorporation Completes Acquisition of Access Anytime
2006年1月4日 - 9:00AM
ビジネスワイヤ(英語)
First State Bancorporation (NASDAQ:FSNM) ("First State"), New
Mexico's largest locally managed bank holding company, today
announced that it has completed its acquisition of Access Anytime
Bancorp Inc. (NASDAQ:AABC) ("Access Anytime"). Pursuant to the
merger agreement, Access Anytime merged (the "merger") with and
into First State, with First State as the surviving entity. Access
Anytime stockholders will receive .791 shares of First State common
stock for every share of Access Anytime common stock they hold. As
a result of the merger, First State will issue approximately 1.5
million shares of First State common stock. Concurrently, First
Community Bank, a wholly owned subsidiary of First State, completed
its acquisition of AccessBank, a wholly owned subsidiary of Access
Anytime, pursuant to the terms of a subsidiary agreement and plan
of merger, with First Community Bank as the surviving bank. "The
completion of our acquisition of Access Anytime strengthens our
statewide presence in New Mexico and provides significant
opportunities in Arizona to expand our operations," commented
President and Chief Executive Officer Michael R. Stanford. "Our
management team continues to work diligently to ensure a smooth
integration over the next several months," continued Stanford. The
completion of this acquisition increases the number of branches in
the First State system to 41, giving it a presence in New Mexico,
Colorado, Utah, and now Arizona. The newly acquired locations in
Albuquerque, Gallup, Clovis, Portales and Las Cruces, N.M., and Sun
City, Ariz., will operate under the First Community Bank name. On
Tuesday, Jan. 3, 2006, First State's stock closed at $24.29 per
share. About First State First State Bancorporation is a New
Mexico-based bank holding company. First State Bancorporation
provides commercial banking services to businesses through its
subsidiary bank, First Community Bank. Prior to the acquisition of
Access Anytime, First State Bancorporation operated 31 branch
offices, including 23 in New Mexico (three offices in Taos, nine
offices in Albuquerque, four offices in Santa Fe, and one office
each in Rio Rancho, Los Lunas, Bernalillo, Pojoaque, Placitas,
Moriarty, and Belen), six in Colorado (Denver, Colorado Springs,
Fort Collins, Lakewood, Littleton, and Longmont), and two in Utah
(Midvale and Salt Lake City). In addition, First Community Bank's
residential mortgage origination division operates in all three
states as First Community Mortgage. Forward-Looking Statements This
communication contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on First State
current expectations and beliefs and are subject to a number of
risks, uncertainties and assumptions that could cause actual
results to differ materially from those described in the
forward-looking statements. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements. Because forward-looking statements involve risks and
uncertainties, actual results and events may differ materially from
results and events currently expected by First State. For a
detailed discussion of these statements, please refer to First
State's filings with the SEC, especially in the "risk factors"
sections of First State's Annual Report on Form 10-K for the year
ended Dec. 31, 2004, and in subsequent filings with the SEC. First
State assumes no obligation and expressly disclaim any duty to
update the information contained herein except as required by law.
First State's news releases and filings with the Securities and
Exchange Commission are available through the Investor Relations
section of First State's Web site at www.fcbnm.com.
Access Anytime Bancorp (NASDAQ:AABC)
過去 株価チャート
から 5 2024 まで 6 2024
Access Anytime Bancorp (NASDAQ:AABC)
過去 株価チャート
から 6 2023 まで 6 2024