BOCA RATON, Fla., Feb. 11, 2014 /PRNewswire/ -- 1st
United Bancorp, Inc. ("1st United") (Nasdaq: FUBC), the
holding company for 1st United Bank, a Florida chartered commercial bank, announced
today that its board of directors has declared a cash dividend of
$0.02 per share on shares of
1st United common stock, payable on March 7, 2014 to shareholders of record as of the
close of business on February 24,
2014.
About 1st United Bancorp, Inc.
1st United is a financial holding company
headquartered in Boca Raton,
Florida. 1st United's principal subsidiary,
1st United Bank, is a Florida chartered commercial bank, which
operates 21 branches in South and Central
Florida, including Brevard,
Broward, Hillsborough, Indian
River, Miami-Dade,
Orange, Palm Beach, and Pinellas Counties.
1st United's principal executive office and mailing
address is One North Federal Highway, Boca Raton, FL 33432 and its telephone number
is (561) 362-3431. 1st United's stock is listed on
the NASDAQ Global Select Market under the symbol "FUBC".
Forward Looking Statements
Any non-historical statements in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on current plans and
expectations that are subject to uncertainties and risks, which
could cause 1st United's future results to differ
materially. The following factors, among others, could cause
our actual results to differ: our ability to comply with the terms
of loss sharing agreements with the FDIC; legislative and
regulatory changes, including the Dodd-Frank Wall Street Reform,
Consumer Protection Act and Basel III, the strength of
the United States economy in
general and the strength of the local economies in which we conduct
operations; the accuracy of our financial statement estimates and
assumptions, including the estimate of our loan loss provision and
the FDIC loss share receivable; our ability to integrate the
business and operations of companies and banks that we have
acquired and those that we may acquire in the future; the failure
to achieve expected gains, revenue growth, and/or expense savings
from past and future acquisitions; the frequency and magnitude of
foreclosure of our loans; increased competition and its
effect on pricing including the impact on our net interest margin
from repeal of regulation Q; our customers' willingness to
make timely payments on their loans; changes in securities and real
estate markets; changes in monetary and fiscal policies of the U.S.
Government; inflation, interest rate, market, and monetary
fluctuations; the effects of our lack of a diversified loan
portfolio, including the risks of geographic and industry
concentrations; our need and our ability to incur additional debt
or equity financing; the effects of harsh weather conditions,
including hurricanes, and man-made disasters; our ability to comply
with the extensive laws and regulations to which we are subject;
the willingness of clients to accept third-party products and
services rather than our products and services and vice versa;
technological changes; negative publicity and the impact on our
reputation; the effects of security breaches and computer viruses
that may affect our computer systems; changes in consumer spending
and saving habits; changes in accounting principles, policies,
practices or guidelines; limited trading activity of our common
stock; the concentration of ownership of our common stock; our
ability to retain key members of management; anti-takeover
provisions under federal and state law as well as our Articles of
Incorporation and our Bylaws; other risks described from time to
time in our filings with the Securities and Exchange Commission;
and our ability to manage the risks involved in the
foregoing. These factors, as well as additional factors, can
be found in our periodic and other filings with the SEC, which are
available at the SEC's internet site (http://www.sec.gov). Actual
results may differ materially from projections and could be
affected by a variety of factors, including factors beyond our
control. Forward-looking statements in this press release speak
only as of the date of the press release, and 1st United
assumes no obligation to update forward-looking statements or the
reasons why actual results could differ.
SOURCE 1st United Bancorp, Inc.