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Quotes & Info
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| FBMI > SEC Filings for FBMI > Form 8-K on 29-Jun-2012 | All Recent SEC Filings |
29-Jun-2012
Regulation FD Disclosure
On June 28, 2012, the United States Department of the Treasury announced that it priced its secondary public offering of 33,000 shares of the Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the "Preferred Stock") it holds in Firstbank Corporation (the "Company") at $941.01 per share. The Company has been notified that it has successfully bid for the purchase of 16,000 shares of the Preferred Stock for a total purchase price of $15,056,160. The closing of the offering is expected to occur on or about July 3, 2012, subject to customary closing conditions.
As a result of its successful bid in the offering, upon settlement of the transaction, the Company will retire 16,000 shares out of the original 33,000 of shares of Preferred Stock issued to the United States Department of the Treasury.
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