Welcome to the new Parkside Financial, Inc. Shareholder Newsletter! We are excited to share with you a refreshed layout reflecting the new look we released in May. The updated newsletter will include a quick reference section for some of the more important financial data, performance and corporate development commentary, recent trades and information for upcoming events. We hope these changes allow for an informative and engaging shareholder experience.
As announced at our 2018 Shareholder Meeting, a dividend of $0.625 per share of Parkside Financial, Inc. stock was issued on June 15th. Checks were mailed directly to the address of record or to the custodian of record if held in a retirement account. If you have not received your check, please contact Karen Turner at 314.290.8615.
We continued our annual share repurchase program in 2018, marking the third consecutive year we’ve offered to repurchase shares. This program continues to improve liquidity for our shareholders as we stated we would do when we formed Parkside. This year, we offered to repurchase up to 50,000 shares of our stock at $33.00 per share. The tender offer was undersubscribed, allowing the repurchase of all 31,150 tendered shares.
Transactions for Parkside Financial, Inc. shares are negotiated throughout the year on BancList.com. In the last year, approximately 27,000 shares have been negotiated using this site. Should you have any
questions regarding BancList, please contact Leigh Ann Gruenewald at 314.290.8621.
In April, Hailey Wilson joined our team as a Customer Service Representative. Hailey has extensive customer service experience and most recently worked as a personal banker at another local bank. In early July, we welcomed Michael Frasca as a Commercial Credit Analyst. Michael recently earned his MBA with a concentration in finance from University of Dayton. He earned his Bachelor of Science degree in finance while competing as a midfielder for the Flyer soccer team. Welcome to Parkside!
We wish you and your families a safe and fun summer! As always, should you have any questions or comments, please feel free to contact us.
James C. Wagner - CEO
Andrew S. Hereford - President, Bank
Matthew A. Wagner - President, TFO