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March 22, 2014
20:01 EDTFFKTFarmers Capital Bank to repurchase one-third of its outstanding preferred stock
Farmers Capital Bank announced on March 21 that the Federal Reserve Bank of St. Louis approved the company's request to repurchase 10,000 shares, or one-third, of its outstanding Series A preferred stock. The purchase price of the shares will be the stated liquidation value of $1,000 per share, plus any accrued dividends. The timing of the repurchase has yet to be determined, but is expected to be completed during Q214. The company estimates the total cost of redeeming the shares to be $10.2M. "We are pleased to be able to repay a portion of our outstanding preferred stock," said Lloyd C. Hillard, Jr., President and CEO of the Company. "Repurchasing the shares not only lessens the impact of the recent increase in the dividend rate, it is also indicative of the continual progress we've made in strengthening the overall financial condition of the company."
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October 29, 2014
10:41 EDTFFKTFarmers Capital Bank to repurchase a portion of its outstanding preferred stock
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October 28, 2014
11:57 EDTFFKTFarmers Capital Bank names Mark Hampton as CFO, effective January 1, 2015
On October 27, the Board of Directors of Farmers Capital Bank appointed Mark Hampton to be the company’s Executive Vice President and CFO, effective January 1, 2015. While Hampton will replace C. Douglas Carpenter as CFO, Carpenter will serve as Executive Vice President, Finance until next summer when he anticipates retiring. Hampton has concentrated on financial and regulatory reporting for significantly all of his years since joining the company in 1997, and was most recently named Senior Vice President in 2012. He is a Certified Public Accountant.
October 22, 2014
20:02 EDTFFKTFarmers Capital Bank reports Q3 EPS 49c, consensus 46c
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