Alamogordo Financial Corp. Announces Realignment of Management Team
PR Newswire - Wed Jan 28, 3:30PM CST
Alamogordo Financial Corp. (OTCQB: ALMG), the parent company of BANK'34, today announced promotions and a reorganization of its management team. Randal L. Rabon, Chairman of the Board, stated, "It is with great pleasure that we recognize the continued efforts of our management team in completing our acquisition of Bank 1440 and becoming a public company. Individually, each of these tasks would require dedication and commitment from management. However, the Board of Directors is extremely appreciative of the steps management has taken with respect to both actions, and the resulting value those actions will provide to our shareholders."
Alamogordo Financial Corp. And BANK'34 Complete Merger With Bank 1440
PR Newswire - Fri Aug 29, 7:02PM CDT
Alamogordo Financial Corp. (OTCQB: ALMG), the parent company of BANK'34, today announced that it has completed its merger with Bank 1440. Shareholders of Bank 1440 are entitled to receive $0.94 in cash and 0.17064 shares of Alamogordo Financial Corp. common stock for each share of Bank 1440 common stock that they owned as of the close of business on August 29, 2014. Cash will also be paid in lieu of fractional shares at a rate of $16.00 per whole share of Alamogordo Financial Corp. common stock (the average closing price of Alamogordo Financial Corp. common stock for the 10 business days preceding August 26, 2014). Bank 1440 stockholders will be receiving letters of transmittal from Computershare, who is Alamogordo Financial Corp.'s transfer agent, providing instructions for how to submit their stock certificates for the cash and shares of Alamogordo Financial Corp. common stock, and also providing instructions for a shareholder who has lost his or her Bank 1440 stock certificates.