FFW Corporation Completed U.S. Treasury Investment Under Capital Purchase Program
WABASH, IN -- (Marketwire) -- 12/19/08 -- FFW Corporation (OTCBB: FFWC) (12/18/2008 Close:$14.00), parent corporation of Crossroads Bank, announced today that theU.S. Department of the Treasury ("Treasury") has completed its investmentin FFW Corporation under the voluntary Capital Purchase Program (CPP). OnOctober 29, 2008, FFW Corporation announced that preliminary approval hadbeen received from the Treasury for participation in the CPP. The Companyreceived approximately $7.3 million in capital and, in return, issued theTreasury shares of FFW Corporation preferred stock and warrants to purchaseFFW Corporation preferred stock. Upon completion of the transaction, theTreasury immediately exercised the warrant to purchase additional preferredshares. As a result of this transaction, FFW Corporation has issued 7,289shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, with aliquidation preference of $1,000 per share paying dividends at an annualrate of 5% and 364 shares of Fixed Rate Cumulative Perpetual PreferredStock, Series B, with a liquidation preference of $1,000 per share payingdividends at an annual rate of 9%.
FOR MORE INFORMATIONContact:Emily BoardmanTreasurer260-563-3185
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