Columbia Bancorp Announces Proposed Offering of Trust Preferred Securities
June 07 2004 - 11:57AM
PR Newswire (US)
Columbia Bancorp Announces Proposed Offering of Trust Preferred
Securities COLUMBIA, Md., June 7 /PRNewswire-FirstCall/ -- Columbia
Bancorp (NASDAQ:CBMD), parent company of The Columbia Bank
(collectively, the "Company"), announced today that it proposes to
make a private offering of trust preferred securities through a
statutory trust to be formed for that purpose. The Company expects
to complete this offering by June 30, 2004. The Company expects
that the proceeds of the offering will be used for general
corporate purposes, which may include stock repurchases. The trust
preferred securities have not been registered under the Securities
Act of 1933, as amended, or applicable state securities laws, and
unless so registered, may not be offered or sold in the United
States, except pursuant to an applicable exemption from the
registration requirements of the Securities Act of 1933, as
amended, and applicable state securities laws. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy the trust preferred securities. This press release is
being issued pursuant to and in accordance with Rule 135 under the
Securities Act of 1933, as amended. Columbia Bancorp, headquartered
in Columbia, Maryland, is a bank holding company and parent company
of The Columbia Bank, a commercial bank. The Columbia Bank
currently operates twenty-four banking offices in the
Baltimore/Washington Corridor and provides a full range of
financial services to consumers and businesses. FORWARD-LOOKING
STATEMENTS Certain statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking
statements are based on Columbia Bancorp's current intent, belief
and expectations. These statements are not guarantees of future
performance and are subject to certain risks and uncertainties that
are difficult to predict. Actual results may differ materially from
these forward-looking statements because of interest rate
fluctuations, a deterioration of economic conditions in the
Baltimore/Washington metropolitan area, a downturn in the real
estate market, losses from impaired loans, an increase in
non-performing assets, potential exposure to environmental laws,
federal and state bank laws and regulations, the highly competitive
nature of the banking industry, a loss of key personnel, changes in
accounting standards and other risks described in this filing and
the Company's other filings with the Securities and Exchange
Commission. Existing and prospective investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of today's date. Columbia Bancorp undertakes no
obligation to update or revise the information contained in this
filing whether as a result of new information, future events or
circumstances or otherwise. Past results of operations may not be
indicative of future results. DATASOURCE: Columbia Bancorp CONTACT:
John A. Scaldara, Jr., President and COO, Columbia Bancorp,
+1-410-423-8012 Web site: http://www.columbank.com/ Company News
On-Call: http://www.prnewswire.com/comp/127921.html
Copyright
Columbia Bancorp (NASDAQ:CBMD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Columbia Bancorp (NASDAQ:CBMD)
Historical Stock Chart
From Jul 2023 to Jul 2024