Citizens First: Entry Into A Material Definitive Agreement


The following excerpt is from the company's SEC filing.

Citizens First Corporation (the “Company”) (NASDAQ: CZFC), the holding company of Citizens First Bank announced that on January 15, 2014 it entered into a letter agreement with the United States Department of the Treasury pursuant to which the Company repurchased the remaining 93 of the 250 shares of the Series A Fixed Rate Cumulate Perpetual Preferred Stock that the Company had issued to the Treasury on December 19, 2008 under the TARP Capital Purchase Program of the Emergency Economic Stabilization Act of 2008. The Company paid $3.3 million to repurchase the preferred shares along with the accrued dividend for t he shares repurchased. The Company had previously repurchased 157 shares of the original 250 shares issued.  A copy of the Press Release is attached as Exhibit 99.1 to this Report and is incorporated into this Report by reference.

On January 16, 2014, Citizens First Corporation issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.  The press release announced the Company’s operating results for the quarter and twelve months ended December 31, 2013 and announced the completion of the final payment in the repurchase of the 250 shares of the Series A Fixed Rate Cumulate Perpetual Preferred Stock that the Company had issued to the Treasury on December 19, 2008 under the TARP Capital Purchase Program of the Emergency Economic Stabilization Act of 2008.

The information in this Item 2.02 in this Form 8-K and the Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

ITEM 7.01. REGULATION FD DISCLOSURE. On January 16, 2014, the Company issued a press release, a copy of which is attached hereto and incorporated herein by reference. See “Item 1.01 Entry into a Material Definitive Agreement” which is incorporated by reference in this item 7.01. See “Item 2.02. Results of Operations and Financial Condition” which is incorporated by reference in this Item 7.01. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. 99.1Press Release dated January 16, 2014.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

To receive a free e-mail notification whenever Citizens First Corporation makes a similar move, sign up!

   Auto Refresh

Feedback