San Diego, CA 7/15/2009 1:18:26 AM
Abigail Adams Up on Premier Financial Deal Extension
Abigail Adams National Bancorp Inc. (AANB) and Premier Financial (PFBI) now have until September 30th, 2009, to complete the merger.
Abigail Adams National Bancorp Inc. (AANB) shares are trading higher today after the bank announced that it and Premier Financial (PFBI) have extended their merger agreement completion date to September 30th, 2009. This extension will reduce the minimum amount of U.S. Treasury Department's Capital Purchase Program funds required to complete the merger to $20 million.
What about the bank's future? Investors are invited to read the entire analytical review of Abigail Adams and related opportunities by registering at www.smallcapnetwork.com/s/.
About Abigail Adams National Bancorp Inc.
Abigail Adams National Bancorp Inc. (AANB) is a Delaware-chartered bank holding company, which conducts business through its two wholly owned bank subsidiaries, The Adams National Bank (ANB) and Consolidated Bank & Trust Company (CBT) (collectively, the Banks). The Banks are community-oriented financial institutions offering a range of banking services to their customers. Commercial services offered by the Banks include offering a variety of commercial real estate, construction, and commercial business loans, cash management services, letters of credit and collateralized repurchase agreements. Commercial business loans are typically made on a secured basis to corporations, partnerships and individual businesses. The Banks offer consumer loans to their retail customers. The Banks' retail banking services also include a variety of deposit account products, including transaction accounts, money market accounts, certificates of deposit and individual retirement accounts.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Source: Small Cap Network
http://community.smallcapnetwork.com/Small-Cap-Stocks-HITK-NOVN-ININ-and-AANB-Post-Significant-Gains/s/article/view/p/mid/1/id/139/
