TERRELL, Texas--(BUSINESS WIRE)--The ANB Corporation (the “Company”) today announced that the expiration date of the previously announced tender offer for up to 2,000 shares of the Company’s common stock has been: (1) extended until 9:00 a.m., Central Daylight Time, on October 9, 2024, unless the tender offer is further extended or earlier terminated, and (2) amended to increase the number of shares to be tendered from a maximum of 2,000 shares of the Company’s common stock to a maximum of 3,000 shares of the Company’s common stock. The tender offer was made by the Company pursuant to an Offer to Purchase, dated August 21, 2024, and the related Letter of Transmittal (together, the “Tender Offer Materials”).
The tender offer has been extended and the maximum amount of shares to be purchased by the Company has been increased in order to give all of the Company’s shareholders who desire to participate in the tender offer the opportunity to do so. The tender offer was previously set to expire at 9:00 a.m., Central Daylight Time, September 24, 2024.
Other than the extension of the expiration date and the amendment to increase the maximum amount of shares to be purchased by the Company to 3,000 shares, all substantive terms of the previously announced tender offer, as described in the Tender Offer Materials, remain unchanged.
As of 9:00 a.m., Central Daylight Time, on Tuesday, September 24, 2024, an aggregate of approximately 5,228 shares of Company common stock had been tendered pursuant to the previously announced tender offer.
The Company is making the tender offer only by, and pursuant to, the terms of the Tender Offer Materials (pursuant to which the expiration date of the tender offer has been extended until 9:00 a.m., Central Daylight Time, on October 9, 2024, and the maximum number of common shares to be repurchased is 3,000). The Company does not make any recommendations as to whether holders of common shares should tender or refrain from tendering their common shares. Holders must make their own decision as to whether to participate in the tender offer and, if so, the number of common shares to tender.
About The ANB Corporation
The ANB Corporation is privately owned and serves as the bank holding company for the American National Bank of Texas (ANBTX), a community bank with assets over $6.1 billion and 30 locations throughout North Texas, serving Collin, Dallas, Hunt, Johnson, Kaufman, Rockwall, Tarrant, and Van Zandt Counties. As a community bank, American National Bank of Texas offers traditional banking products and services to individuals, businesses and municipal governments, as well as individual and corporate trust, investment and estate planning services through their Wealth Management Group. ANBTX has consistently been ranked one of the Top Workplaces DFW by The Dallas Morning News. Visit American National Bank of Texas online at www.anbtx.com. Member FDIC.
Forward-Looking Statements
This press release contains statements about future events that constitute forward-looking statements. Forward-looking statements may be identified by reference to time periods or by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “will,” “should,” “plan,” and other similar terms or expressions. Forward-looking statements should not be relied on because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of The ANB Corporation. These risks, uncertainties and other factors may cause the actual results, performance and achievements of The ANB Corporation to be materially different from the anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statements contained in this press release, including statements related to the tender offer, are made as of the date of this press release, and we undertake no duty, and specifically disclaim any duty, to update or revise any such statements, whether as a result of new information, future events or otherwise, except as required by applicable law.