Attached files
| file | filename |
|---|---|
| 8-K - Sunshine Financial, Inc. | ssnf-8k082813.htm |
| EX-3.2 - Sunshine Financial, Inc. | ex3-2.htm |
Exhibit 99.1
SUNSHINE FINANCIAL, INC.
ANNOUNCES STOCK REPURCHASE PROGRAM
Tallahassee, FL – August 28, 2013 – Sunshine Financial, Inc. (OTCBB: SSNF) announced today that the Company’s Board of Directors has authorized the repurchase of up to 123,444 shares or 10% of the Company’s outstanding shares. The shares may be purchased in the open market or in privately negotiated transactions, from time to time over a twelve-month period depending upon market conditions and other factors.
Louis O. Davis, Jr., President and Chief Executive Officer of the Company, indicated that the Board of Directors approved the repurchase program in view of the current price level of the Company’s common stock and the strong capital position of the Company’s subsidiary, Sunshine Savings Bank. Mr. Davis stated: “We believe that the repurchase of our shares represents an attractive investment opportunity that will benefit the Company and our shareholders.”
Sunshine Financial, Inc. is the holding company of Sunshine Savings Bank, a community savings bank with four branch locations in Tallahassee, Florida, and is on the web at www.sunshinesavingsbank.com under “About Us - Investor Relations.”
Forward-Looking Statements
Statements in this press release that are not historical facts may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated in such statements, including increased competitive pressures, changes in the interest rate environment, changes in general economic conditions and conditions within the securities markets, legislative and regulatory changes and other factors described from time to time in documents filed and furnished by Sunshine Financial, Inc. with the Securities and Exchange Commission. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statement to reflect circumstances or events after the date of this press release.
For additional information, contact:
Scott A. Swain (850) 219-7350
Senior Vice President & Chief Financial Officer