ServisFirst Bancshares (SFBS) Approves Three-for-One Split
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ServisFirst Bancshares (NASDAQ: SFBS) declared a three-for-one common stock split in the form of a stock dividend. The stock dividend will be payable July 16, 2014 to stockholders of record as of July 9, 2014. Holders of ServisFirst's common stock as of the record date will receive two additional shares for every share held on the record date of July 9, 2014.
As a result of the stock split, the total number of shares of common stock outstanding will increase from approximately 8.2 million to approximately 24.5 million. The additional shares of common stock are expected to be distributed on or about July 16, 2014 by ServisFirst's transfer agent, Registrar and Transfer Company.
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