FOR IMMEDIATE RELEASE
Hoschton, GA (September 8, 2011) —Hamilton State Bancshares, Inc. (the “Company”) today announced that it has completed its previously announced tender offer to purchase up to 641,285 shares of its common stock at a cash price of $6.50 per share (the “Tender Offer”). A total of 230,761 shares of the Company’s common stock were tendered, all of which were accepted by the Company. Shareholders who tendered shares of the Company’s common stock pursuant to the Tender Offer will receive payment on behalf of the Company from Registrar and Transfer Company, the Information Agent and Depositary in connection with the Tender Offer, via U.S. mail.
Media Contacts: Robert C. Oliver, Chief Executive Officer, and
Michael E. Ricketson, EVP and Chief Financial Officer
(770) 868-2660 – Company main line
The Company is a Georgia corporation and a registered bank holding company. The Bank is a Georgia state bank and was established and commenced operations on September 20, 2004. Through the Bank, the Company specializes in providing commercial banking services to small to medium-sized businesses in north Georgia. The Company operates six full service branches: Braselton, Gainesville, Oakwood, Jefferson, Hoschton and Cumming, serving the four-county area of Jackson, Hall, Forsyth and Barrow counties. The Bank conducts a full range of banking services from its branch locations, including: commercial, real estate and consumer lending; deposit products; cash management services; and personal, business and online banking services. For more information, please visit www.hamiltonstatebank.com.
This press release contains certain forward-looking statements. These forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “projects,” “intends,” “should,” “seeks,” “estimates,” “future” or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. Various factors may cause actual results to differ materially in the future from those reflected in forward-looking statements contained in this press release, including among others: (1) developments in financial market and economic conditions; (2) delay or inability in obtaining regulatory approvals; and (3) legislative and regulatory developments; and (4) litigation.