CFB Capital III Pays Dividend on Cumulative Capital Securities
June 16 2004 - 10:00AM
PR Newswire (US)
CFB Capital III Pays Dividend on Cumulative Capital Securities
FARGO, N.D., June 16 /PRNewswire-FirstCall/ -- Community First
Bankshares, Inc., (NASDAQ:CFBX) announced that CFB Capital III
(NASDAQ:CFBXN), a wholly owned statutory trust, will pay a regular
quarterly dividend of 50.78125 cents per Capital Security on July
15, 2004, to security holders of record as of July 14, 2004. There
are 2,400,000 Capital Securities outstanding. Community First
Bankshares, a $5.5 billion financial services company, provides a
complete line of banking, investment, insurance, mortgage and trust
products to individuals and businesses. The company's extensive
offering of financial products and services is marketed through
full-service offices in 138 communities in 12 states -- Arizona,
California, Colorado, Iowa, Minnesota, Nebraska, New Mexico, North
Dakota, South Dakota, Utah, Wisconsin and Wyoming. The company's
services include an online banking system that offers electronic
bill payment and discount brokerage capabilities, telephone banking
and an extensive ATM network. Community First Bankshares stock is
traded on The Nasdaq Stock Market(R) under the symbol CFBX. The
latest investor and other corporate information is available at its
Web site, http://www.communityfirst.com/ . This press release
contains forward-looking statements under the Private Securities
Litigation Reform Act of 1995 that are subject to certain risks and
uncertainties that could cause actual results to differ materially
from historical earnings and those presently anticipated or
projected. The company wishes to caution readers not to place undue
reliance on any such forward-looking statements, which speak only
as of the date made. Factors that could cause actual results to
differ from the results discussed in the forward-looking statements
include, but are not limited to: risk of loans and investments,
including dependence on local economic conditions; competition for
the company's customers from other providers of financial services;
possible adverse effects of changes in interest rates; execution
and implementation of a series of previously announced strategic
initiatives; balance sheet and capital ratio risks related to the
share repurchase program; risks related to the company's
acquisition and market extension strategy, including risks of
adversely changing results of operations and factors affecting the
company's ability to consummate further acquisitions or extend its
markets; and other risks detailed in the company's filings with the
Securities and Exchange Commission, all of which are difficult to
predict and many of which are beyond the control of the company.
DATASOURCE: Community First Bankshares, Inc. CONTACT: Mark A.
Anderson of Community First Bankshares, Inc., +1-701-298-5600, , or
Jeff Wilhoit of Financial Relations Board, +1-312-640-6757, Web
Site: http://www.communityfirst.com/
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