Investor Relations

Stock Split

The Board of Directors of Bank of Feather River declared a 3 for 2 Stock Split on December 18, 2014. The Stock Split is payable to shareholders of record on December 18, 2014. The additional shares of stock were issued in whole amounts with fractional shares issued at the fair market value of $10.58. The Stock Split was issued on January 30, 2015.

What this means to you is for every 2 shares of Bank of Feather River stock you currently own you will receive one additional share, or 50% more shares.

As an example, if you owned 2,015 shares of the Bank’s stock on December 18, 2014, you would get an additional 1,007 shares plus a check for $5.29 for the fractional shares. In this example, after the stock split you would own 3,022 shares of the Bank’s stock.

Your Bank has experienced strong growth since our inception and we continue to recognize solid earnings and capital levels. The stock split is in recognition of your investment in and commitment to our Bank; and we want to thank you, our shareholder for your support.

As a result of the stock split, Bank of Feather River is required to make available to all stockholders Internal Revenue Service (IRS) Form 8937 which provides information about the stock split and describes the method for the allocation of a stockholder's basis to the resulting shares held after the stock split. Please see the link below to access IRS Form 8937 for the recent stock split.

 

Record Date Payable Type
December 18, 2014 January 30, 2015 3 for 2 Stock Split

 

IRS Form 8937

 

Bank of Feather River does not provide tax advice. Please contact your personal tax advisor for further clarification and application of this information to your particular tax circumstances.