BBCN (ticker: CLFC, exchange: NASDAQ Global Select Market (.O))
News Release -
30-Jan-2004
Center Financial Declares 2 for 1 Stock SplitLOS ANGELES--(BUSINESS WIRE)--Jan. 30, 2004--Center Financial
Corporation (Nasdaq:CLFC - ), the holding company of Center Bank, today
announced that its Board of Directors has declared a 2 for 1 stock
split of its common shares. Shareholders will receive one additional
share of common stock for each share they hold of record as of the
date the amendment to the company's Articles of Incorporation
affecting the split is filed with the California Secretary of State.
This record date is expected to be February 17, 2004, and the split
will be payable on or about March 5, 2004. Following the stock split,
there will be approximately 16 million common shares outstanding and
the company's authorized common stock will be increased to 40 million
shares.
About Center Financial Corp.
Center Financial Corporation is a financial holding company formed
in 2002 and is the parent company of Center Bank. Founded in 1986,
Center Bank is a community bank offering a full-range of financial
services. Center Bank changed its name from California Center Bank in
December of 2002. It specializes in commercial and SBA loans and trade
finance products for multi-ethnic and small business customers. The
Bank operates 13 branches throughout Southern California and five Loan
Production Offices located in Phoenix, Seattle, Denver, Las Vegas and
Washington D.C. It is one of the largest financial institutions in the
nation focusing on the Korean-American community. Further information
about the company can be found at www.centerbank.com.
This release may contain forward-looking statements, which are
included in accordance with the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. In some cases, you
can identify forward-looking statements by terminology such as "may,"
"will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "potential," or
"continue," or the negative of such terms and other comparable
terminology. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements. These
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity,
performance or achievements to differ from those expressed or implied
by the forward-looking statement. These factors include the following:
general economic and business conditions in those areas in which the
company operates; demographic changes; competition for loans and
deposits; fluctuation in interest rates; risks of natural disasters
related to the company's real estate portfolio; risks associated with
SBA loans; changes in governmental regulation; credit quality; the
availability of capital to fund the expansion of the company's
business; and changes in securities markets.
Contact:
Center Financial Corporation
Y. H. Kim, 213-251-2250
James Ryu, 213-251-2206
or
PondelWilkinson
Angie Yang / Cecilia Wilkinson, 323-866-6004
investor@pondel.com
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BBCN
