BOCA RATON, Fla., July 30, 2014 /PRNewswire/ -- 1st
United Bancorp, Inc. ("1st United") (Nasdaq: FUBC), the
holding company for 1st United Bank, a Florida chartered commercial bank, announced
today that its board of directors has declared a cash dividend of
$0.02 per share on shares of
1st United common stock, payable on August 26, 2014 to shareholders of record as of
the close of business on August 11,
2014.
About 1st United Bancorp, Inc.
1st United is a financial holding company
headquartered in Boca Raton,
Florida. 1st United's principal subsidiary,
1st United Bank, is a Florida chartered commercial bank, which
operates 21 branches in South and Central
Florida, including Brevard,
Broward, Hillsborough, Indian
River, Miami-Dade,
Orange, Palm Beach, and Pinellas Counties.
1st United's principal executive office and mailing
address is One North Federal Highway, Boca Raton, FL 33432 and its telephone number
is (561) 362-3431. 1st United's stock is listed on
the NASDAQ Global Select Market under the symbol "FUBC".
Forward Looking Statements
The foregoing contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including but not limited to those regarding the proposed Merger.
Such statements are not historical facts and include expressions
about management's confidence and strategies and management's
expectations about new and existing programs and products,
relationships, opportunities, taxation, technology and market
conditions. These statements may be identified by such
forward-looking terminology as "expect," "believe," "view,"
"opportunity," "allow," "continues," "reflects," "typically,"
"usually," "anticipate," or similar statements or variations of
such terms. Such forward-looking statements involve certain risks
and uncertainties. Actual results may differ materially from such
forward-looking statements. Factors that may cause actual results
to differ from those contemplated by such forward-looking
statements include, but are not limited to, the following: failure
to obtain shareholder or regulatory approval for the merger of 1st
United with Valley or to satisfy other conditions to the Merger on
the proposed terms and within the proposed timeframe; delays in
closing the Merger; reaction to the Merger of 1st United's
customers and employees; the diversion of management's time on
issues relating to the Merger; the inability to realize expected
cost savings and synergies from the merger of 1st United with
Valley in the amounts or in the timeframe anticipated; changes in
the estimate of non-recurring charges; costs or difficulties
relating to integration matters might be greater than expected;
changes in the stock price of Valley prior to closing; material
adverse changes in Valley's or 1st United's operations or earnings;
the inability to retain 1st United's customers and employees; or a
decline in the economy, mainly in New
Jersey, New York and
Florida, as well as the risk
factors set forth in 1st United's Annual Report on Form 10-K for
the year ended December 31, 2013 and
Valley's Annual Report on Form 10-K for the year ended December 31, 2013. 1st United assumes no
obligation for updating any such forward-looking statement at any
time.
SOURCE 1st United Bancorp, Inc.