HANOVER, N.H.--(BUSINESS WIRE)--
Ledyard Financial Group (Ticker Symbol LFGP) is pleased to announce that
its Board of Directors has approved a three-for-one stock split to be
effected in the form of a stock dividend on the Company's common stock.
The three-for-one stock split is payable September 20, 2017, to its
common shareholders of record at the close of business on September 4,
2017 and the per share price will adjust accordingly.
"Ledyard has delivered strong financial results through the first six
months of 2017 as we continue to realize the benefits from the strength
in our core businesses, community banking and wealth advisory services,"
said Kathryn Underwood, President and Chief Executive Officer of Ledyard
Financial Group. "We believe this stock split will place the market
price of our common stock in a more attractive range for a more diverse
group of investors in our local markets. In addition, by increasing the
number of shares outstanding, we expect this action will help develop a
more active market in Ledyard’s common stock, as well as increase
overall shareholder value."
Ledyard Financial Group recently reported the strongest quarterly
earnings in its twenty-six year history. Ledyard’s commitment to
continued financial growth and improved financial performance will
continue to allow its shareholders, employees (all of whom are
shareholders), and the communities they serve to share in Ledyard’s
success.
Ledyard Financial Group, Inc., headquartered in Hanover, New
Hampshire, is the holding company for Ledyard National Bank.Ledyard
National Bank, founded in 1991, is a full service community bank
offering a broad range of banking, investment, tax and wealth management
services. Stock activity information can be found in the “Investor
Relations” section of our website, which includes a wealth of other
information that Ledyard shareholders and prospective shareholders may
find of interest.
Ledyard Financial Group, Inc. shares can be bought and sold through
the NASD sanctioned “OTC Markets” under the trading symbol LFGP.Shares
may be traded through an individual’s broker.For more
information, please refer to the “Investor Relations” section of the
bank’s website at www.ledyardbank.com
or contact the Company’s Chief Financial Officer, Gregory D. Steverson.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170803006105/en/
Ledyard Financial Group, Inc.
Gregory D. Steverson, 603-640-2666
EVP,
CFO, & COO
greg.steverson@ledyardbank.com
Source: Ledyard Financial Group, Inc.