FPB Financial (FPBF) in Port St. Lucie, Fla., has declared a 3-for-1 stock split in an effort to bolster trading activity.
The $200 million-asset company said it will give shareholders two additional shares of common stock for each share held as of Sept. 11. The split will be paid on Sept. 27.
"I am pleased to announce this stock split, which reflects our strong financial condition," Fritz Anderson, the company's president and chief executive, said in a press release.
FPB went public in 1999. Its stock price was $46 a share on Wednesday morning.