Investor Relations
United American Bank Closes Third Stock Offering – Very strong capital and liquidity position
United American Bank announced the successful completion of its third stock offering initiative which has added $5.3 million of additional capital. The additional capital resulted from the sale of 334,540 shares of common stock at an offering price of $16.00 per share and which was commenced and closed during the second quarter of 2008.
“We are quite pleased with the success of our third offering in these challenging economic times,” said John Schrup, President and CEO of United American Bank. “This additional capital will provide immediate liquidity reserves and will allow the Bank to continue to grow and serve the community in the future.”
“We have experienced no unusual deposit activity this week which has been full of negative banking reports in the news,” said Mr. Schrup. “Our business plan has excluded high risk mortgage loans and mortgage backed investments, and accordingly we have a much stronger balance sheet as a result of that strategic decision. Further, the bank has contingency liquidity in excess of $50 million to further augment our financial strength.”
Mr. Schrup commented that “our earnings have been impacted by the dramatic and rapid decline in the interest rate environment, however we believe our balance sheet to be solid and that our earnings will recover.”
Stock Information
United American Bank is a full-service commercial bank. Shares of United American Bank are traded on the the OTCBB (www.otcbb.com) market under the symbol UABK.
Frequently Asked Questions »
Market Maker
John T. Cavender
Vice President Bank & Equity Sales
jcavender@howebarnes.com
Howe Barnes Hoefer & Arnett, Inc.
555 Market Street
18th Floor
San Francisco, CA 94105
800.346.5544 Ext 725
415.538.5725 Fax
www.howebarnes.com
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Stock Transfer Agent
Rich Tilton
richt@usstock.com
U.S. Stock Transfer
1745 Gardena Ave.
Suite 200
Glendale, CA 91204
800.835.8778
www.usstock.com
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Frequently Asked Questions
Q: How can I buy stock in United American Bank?
A: United American Bank in traded over the counter under the symbol UABK. A broker such as Charles Schwab or Merril Lynch can place a buy order in the market on your behalf.
Q: How can I find out what my stock is worth?
A: United American Bank is traded under the symbol UABK, and a quote may be obtained from any quotation service.
Q: I own shares of United American Bank and would like to give them to my son. How can I change the registration on the certificate?
A: United American Bank has retained the services of US Stock Transfer as a registrar and transfer agent and they may be reached at 800.835.8778. They can provide guidance on the process for a change in registration and the required endorsement on the back of the stock certificate before it is tendered to them for reissue with the new registration.
Q: I have lost my stock certificate, how can I obtain a replacement?
A: Please contact US Stock Transfer at 800.835.8778 to obtain a replacement certificate.
Q: Can I deposit my United American Bank Stock certificate with my broker?
A: Yes, your broker can add the certificate to your account, and we generally recommend that all stock certificates be deposited with a brokerage to avoid the risk of loss of the certificate.
Q: How can I sell my stock in United American Bank?
A: There is a market for United American Bank and any brokerage should be able to assist with a sell transaction.
Q: How can I change my address on my stock certificate?
A: Please contact US Stock Transfer at 800.835.8778 with your new address and phone number.
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