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Foundation Bancorp (FDNB) 9.0200 $FDNB

Foundation Bancorp Reports Operational Profits of $334,000 in First Quarter, Non-Interest Bearing Demand Deposits Increase 22%, Core Deposits Represent 99% of Total Deposits
GlobeNewswire - Mon May 04, 3:00PM CDT
Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank, today reported that it earned $334,000 in the first quarter of 2015 compared to $536,000 in the first quarter a year ago. Net income available to common shareholders after dividends for preferred stock was $320,000. Earnings were $0.06 per diluted share in the first quarter of 2015 compared to $0.15 per diluted share, in the first quarter of 2014. Book value per share was $9.61 at March 31, 2015, compared to $9.50 per share a year ago.

Foundation Bancorp Announces Completion of $15 Million Private Placement of Convertible Preferred Equity
GlobeNewswire - Fri Mar 27, 1:19PM CDT
Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank ("Bank", today announced that it had completed the sale of $15 million of the Company's convertible preferred stock in a private placement. The shares of preferred stock are convertible into shares of the Company's common stock at a price of $10.00 per share, subject to certain agreed upon adjustments, and, therefore, are not dilutive to existing shareholders. The Company expects to use the proceeds from the capital raise for general corporate purposes, including growth, expansion and supporting the capital needs of the Bank.

Foundation Bancorp Earns $304,000, or $0.09 per Diluted Share, in Third Quarter 2014, Non-Interest Bearing Demand Deposits Increase 10%, Core Deposits Represent 96% of Total Deposits
GlobeNewswire - Tue Oct 21, 3:00PM CDT
Foundation Bancorp, Inc. (OTCQB:FDNB), the holding company for Foundation Bank, today reported that it earned $304,000, or $0.09 per diluted share in the third quarter of 2014, compared to $363,000, or $0.10 per diluted share in the third quarter of 2013. In the first nine months of 2014, Foundation earned $1.2 million, or $0.34 per diluted share compared to $1.9 million, or $0.53 per diluted share in the first nine months of 2013. Earnings in the third quarter and first nine months of 2014 included a provision for income taxes which was not required previously and reduced net earnings.

Jocelyn Lane Joins Foundation Bank as Executive Vice President/Market President
GlobeNewswire - Wed Sep 24, 8:00AM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today announced that Jocelyn Lane is now Executive Vice President and Market President, where she will lead marketing and sales for all commercial and private banking efforts. Lane will be directly responsible for developing and implementing a business strategy that emphasizes full relationship business development; recruiting and managing the sales and business team; and ongoing portfolio management of a diverse portfolio of Commercial & Industrial, Commercial Real Estate, SBA and other types of loans.

Foundation Bancorp Earns $351,000, or $0.10 per Diluted Share, in Second Quarter 2014, Results Highlighted by Strong Core Deposit Growth
GlobeNewswire - Fri Jul 25, 8:00AM CDT
Foundation Bancorp, Inc. (OTCBB:FDNB), the holding company for Foundation Bank, today reported that it earned $351,000, or $0.10 per diluted share, in the second quarter of 2014 compared to $522,000, or $0.15 per diluted share in the second quarter of 2013. In the first six months of 2014, Foundation earned $888,000, or $0.25 per diluted share, compared to $1.5 million, or $0.43 per diluted share, in the first six months of 2013. Earnings in the second quarter and first six months of 2014 included a provision for income taxes which was not required previously and reduced net earnings.

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