TAMPA, Fla., Aug. 27, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of First Citrus Bancorporation, Inc. (OTC Pink: FCIT) declared on August 16, 2018 a 5% stock dividend per share of Common, Class A Preferred, and Class B Preferred. The dividend is payable on October 17, 2018 to shareholders of record as of October 3, 2018. The dividend will increase the number of shares currently outstanding by 96,265 shares bringing total outstanding shares to 2,021,568. This dividend will be the fourth stock dividend paid to shareholders since the Company's inception in 1999.

About First Citrus Bancorporation, Inc.
First Citrus Bancorporation, Inc., a Florida corporation, ranked as the third best-performing regional bank stock in the southeastern United States for the past five years by S&P Global Market Intelligence. First Citrus Bancorporation stock trades on the OTC Pink under ticker symbol “FCIT.” The company is headquartered in Tampa, Florida and the parent bank holding company for First Citrus Bank, a Florida commercial bank. 

About First Citrus Bank
First Citrus Bank, a $382 million commercial bank, was established in 1999 and headquartered in Tampa. Ranked as one of the Top 25 Commercial Loan Producers in the Nation by the magazine IB Independent Banker, it serves businesses and individuals through a range of tailored financial solutions. Specializing in personal and commercial banking services, First Citrus Bank has five locations throughout Tampa Bay.

First Citrus Bank enhances vibrancy throughout Tampa Bay by helping families become more financially secure and businesses economically successful. For additional information, please visit http://www.firstcitrus.com.

Information in this release relating to the Company’s future prospects which are forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the following: (1) operating, legal and regulatory risks, such as continued levels of loan quality and origination volume, continued relationships with major customers and technological changes; (2) economic, political and competitive forces affecting our banking business, such as changes in economic conditions, especially in our market area, interest rate fluctuations, competitive product and pricing pressures within our market, personal and corporate bankruptcies, monetary policy and inflation; (3) our ability to grow internally or through acquisitions; and (4) the risk that management’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful. Forward-looking statements may be identified by the use of words such as “expects,” “believe,” “will,” “intends,” “will be” or “would.” First Citrus Bancorporation assumes no obligation to update the forward-looking information in this announcement, except as required under applicable law.

For more information contact:
John Linton, EVP & Chief Financial Officer
813.792.7177
jlinton@firstcitrus.com