First Financial Service Corp (FFKY) 3.55 $FFKY
Community Bank Shares of Indiana, Inc. To Acquire First Financial Service Corporation of Elizabethtown, Kentucky
Business Wire - Tue Apr 22, 7:28AM CDT
Community Bank Shares of Indiana, Inc. (NASDAQ GM: CBIN), the holding company for Your Community Bank and The Scott County State Bank, and First Financial Service Corporation (NASDAQ GM: FFKY), the holding company for First Federal Savings Bank of Elizabethtown, jointly announced today they have entered into an agreement and plan of share exchange (the "Agreement"
. Under the terms of the Agreement, Community Bank Shares of Indiana, Inc. will exchange all of the issued and outstanding common shares of First Financial Service Corporation for 0.153 shares of CBIN's common stock, subject to potential adjustments at closing. Based on CBIN's 20 trading day average common stock price of $22.33 per share, as of April 17, 2014, assuming no exchange ratio adjustments, the transaction is valued at approximately $17.9 million. As part of the transaction, FFKY's outstanding preferred stock, all of which was issued in the Troubled Assets Relief Program, will be redeemed at or promptly following closing of the acquisition for approximately $12.3 million, plus accrued but unpaid interest. In addition, CBIN has entered into subscription agreements with investors to purchase approximately $25.0 million of CBIN common stock immediately prior to the consummation of the share exchange transaction at a price of $22.33 per share. The transaction is subject to receipt of FFKY shareholder approval, CBIN shareholder approval and customary regulatory approvals. We expect the transaction to close in the late third or fourth quarter of 2014.
Nasdaq stocks posting largest volume increases
AP - Mon Mar 10, 5:09PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
First Financial Service Corporation Reports Net Income of $1.2 million or $0.25 per share
PR Newswire - Tue Nov 12, 4:00PM CST
First Financial Service Corporation (the Company, NASDAQ: FFKY) today reported net income to common stockholders of $1.2 million for the quarter ended September 30, 2013, an improvement from the net loss to common stockholders of $1.0 million for the same quarter in 2012. Net income per diluted common share was $0.25 for the quarter ended September 30, 2013, compared to a net loss per diluted common share of $0.21 for the same quarter in 2012.
First Financial Service Corporation Reports Improved Credit Quality for the Fifth Consecutive Quarter
PR Newswire - Fri Aug 09, 4:23PM CDT
First Financial Service Corporation (the Company, NASDAQ: FFKY) today reported a net loss to common stockholders of $1.4 million for the quarter ended June 30, 2013, an improvement from the net loss to common stockholders of $4.4 million for the same quarter in 2012. The net loss per diluted common share was $0.29 for the quarter ended June 30, 2013, compared to a net loss per diluted common share of $0.92 for the same quarter in 2012, an improvement of 68%.
First Financial Service Corporation Announces Key Leadership Addition
PR Newswire - Thu Jul 11, 3:05PM CDT
First Financial Service Corporation (NASDAQ: FFKY) today announced an addition to the senior leadership of the Company and its subsidiary, First Federal Savings Bank of Elizabethtown.
First Financial Service Corporation Reports Improved Credit Quality
PR Newswire - Mon May 13, 3:05PM CDT
First Financial Service Corporation (the Company, NASDAQ: FFKY) today reported a net loss per diluted common share available to common stockholders of $0.03 for the quarter ended March 31, 2013, compared to a net loss per diluted common share available to common stockholders of $0.12 for the quarter ended March 31, 2012.
Community Bank Shares of Indiana, Inc. To Acquire First Financial Service Corporation of Elizabethtown, Kentucky
Business Wire - Tue Apr 22, 7:28AM CDT
Community Bank Shares of Indiana, Inc. (NASDAQ GM: CBIN), the holding company for Your Community Bank and The Scott County State Bank, and First Financial Service Corporation (NASDAQ GM: FFKY), the holding company for First Federal Savings Bank of Elizabethtown, jointly announced today they have entered into an agreement and plan of share exchange (the "Agreement"
. Under the terms of the Agreement, Community Bank Shares of Indiana, Inc. will exchange all of the issued and outstanding common shares of First Financial Service Corporation for 0.153 shares of CBIN's common stock, subject to potential adjustments at closing. Based on CBIN's 20 trading day average common stock price of $22.33 per share, as of April 17, 2014, assuming no exchange ratio adjustments, the transaction is valued at approximately $17.9 million. As part of the transaction, FFKY's outstanding preferred stock, all of which was issued in the Troubled Assets Relief Program, will be redeemed at or promptly following closing of the acquisition for approximately $12.3 million, plus accrued but unpaid interest. In addition, CBIN has entered into subscription agreements with investors to purchase approximately $25.0 million of CBIN common stock immediately prior to the consummation of the share exchange transaction at a price of $22.33 per share. The transaction is subject to receipt of FFKY shareholder approval, CBIN shareholder approval and customary regulatory approvals. We expect the transaction to close in the late third or fourth quarter of 2014. Nasdaq stocks posting largest volume increases
AP - Mon Mar 10, 5:09PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
First Financial Service Corporation Reports Net Income of $1.2 million or $0.25 per share
PR Newswire - Tue Nov 12, 4:00PM CST
First Financial Service Corporation (the Company, NASDAQ: FFKY) today reported net income to common stockholders of $1.2 million for the quarter ended September 30, 2013, an improvement from the net loss to common stockholders of $1.0 million for the same quarter in 2012. Net income per diluted common share was $0.25 for the quarter ended September 30, 2013, compared to a net loss per diluted common share of $0.21 for the same quarter in 2012.
First Financial Service Corporation Reports Improved Credit Quality for the Fifth Consecutive Quarter
PR Newswire - Fri Aug 09, 4:23PM CDT
First Financial Service Corporation (the Company, NASDAQ: FFKY) today reported a net loss to common stockholders of $1.4 million for the quarter ended June 30, 2013, an improvement from the net loss to common stockholders of $4.4 million for the same quarter in 2012. The net loss per diluted common share was $0.29 for the quarter ended June 30, 2013, compared to a net loss per diluted common share of $0.92 for the same quarter in 2012, an improvement of 68%.
First Financial Service Corporation Announces Key Leadership Addition
PR Newswire - Thu Jul 11, 3:05PM CDT
First Financial Service Corporation (NASDAQ: FFKY) today announced an addition to the senior leadership of the Company and its subsidiary, First Federal Savings Bank of Elizabethtown.
First Financial Service Corporation Reports Improved Credit Quality
PR Newswire - Mon May 13, 3:05PM CDT
First Financial Service Corporation (the Company, NASDAQ: FFKY) today reported a net loss per diluted common share available to common stockholders of $0.03 for the quarter ended March 31, 2013, compared to a net loss per diluted common share available to common stockholders of $0.12 for the quarter ended March 31, 2012.
