AmTrust Capital Corp.
20 West 5th Street, P.O. Box 105 Peru, Indiana 46970 (765) 472-1991
For Immediate Release For Information Contact:
Date: April 27, 1998 Bruce M. Borst, President & CEO
(765) 472-1991
AMTRUST CAPITAL CORP.
ANNOUNCES
STOCK REPURCHASE PROGRAM
PERU, INDIANA, April 27, 1998 - AmTrust Capital Corp., the holding company
for AmericanTrust Federal Savings Bank, announced that the Company will
repurchase up to 10% of its outstanding shares of common stock in the open
market over a twelve-month period. The Shares will be purchased at prevailing
market prices from time to time depending upon market conditions.
Bruce M. Borst, President and Chief Executive Officer of the Company,
indicated that the Board of Directors believes the repurchase program is in
the best interest of the Company and its stockholders in view of the current
price level of the Company's common stock and the strong capital position of
AmericanTrust Federal Savings Bank. Mr. Borst stated that "we believe that
the repurchase of our shares is an attractive investment opportunity which will
benefit the Company and its shareholders. The repurchased shares will become
treasury shares and will be used for general corporate purposes".
The Company was organized in November 1994 to act as the Holding Company of
the Bank. The Bank, headquartered in Peru, Indiana, primarily serves the
communities located in Howard and Miami Counties, Indiana through its three
offices located in Kokomo and Peru, Indiana.
At December 31, 1997, the Company had consolidated total assets of $69.1
million and stockholders' equity of $7.5 million. The Company's stock is traded
over the counter under the symbol "ATSB".
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AmTrust Capital Corp.
20 West 5th Street, P.O. Box 105 Peru, Indiana 46970 (765) 472-1991
For Immediate Release For Information Contact:
Date: April 27, 1998 Bruce M. Borst, President & CEO
(765) 472-1991
AMTRUST CAPITAL CORP. DECLARES CASH DIVIDEND
PERU, INDIANA - - AmTrust Capital Corp., the parent corporation of AmericanTrust
Federal Savings Bank, announced that it will pay a quarterly cash dividend of
$0.05 per share. The dividend will be payable May 22, 1998 to shareholders of
record on May 8, 1998.
AmericanTrust Federal Savings Bank serves communities located in Howard and
Miami Counties, Indiana through its main office and two branch offices.
At December 31, 1997, the Company had consolidated total assets of $69.1 million
and stockholders' equity of $7.5 million. The Company's stock is traded over
the counter under the symbol "ATSB".
