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CIB Marine Bancshares, Inc Announces Plans to Adjourn Annual Meeting to a Later Date

CIB Marine Bancshares, Inc. Announces Plans to Adjourn Annual Meeting to a Later Date BROOKFIELD, Wis., May 17, 2021 (GLOBE NEWSWIRE) CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQB: CIBH), announced its plans to open and immediately adjourn its Annual Meeting of Shareholders scheduled for May 19, 2021. The Company plans to adjourn the Annual Meeting until July 29, 2021 at 1:00 P.M. (local time) at 19601 West Bluemound Road, Brookfield, Wisconsin, in order to allow it to conclude several steps required to institute its previously announced plan to repurchase all of its preferred stock over the next four years (the “Repurchase Plan”). Those steps include, conducting a preliminary Section 382 analysis of the impact of expected 2021 pro rata preferred stock repurchases under the Repurchase Plan on the Company’s existing deferred tax assets; finalizing a definitive agreement with Hildene Capital Management, LLC and Hildene Opportunities Master Fund, Lt

CIB Marine Bancshares, Inc Announces Agreement in Principle with Hildene Capital and Postponement of Annual Meeting

CIB Marine Bancshares, Inc. Announces Agreement in Principle with Hildene Capital and Postponement of Annual Meeting April 27, 2021 22:17 ET | Source: CIBM Bank CIBM Bank Brookfield, Wisconsin, UNITED STATES BROOKFIELD, Wis., April 27, 2021 (GLOBE NEWSWIRE) CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQB: CIBH), today issued a letter to its shareholders announcing that it has reached an agreement in principle with Hildene Capital Management, LLC and Hildene Opportunities Master Fund I, Ltd. (collectively, “Hildene”) regarding a plan for the repurchase by CIB Marine of all of its preferred stock over the next four years (the “Repurchase Plan”) and that it has postponed its Annual Meeting of Shareholders (the “Annual Meeting”) for three weeks to allow it time to seek regulatory approvals, finalize negotiations, and document the Repurchase Plan and a related amendment to the Company’s Art

CIB Marine Bancshares, Inc Announces Agreement in Principle with Hildene Capital and

Press release content from Globe Newswire. The AP news staff was not involved in its creation. CIB Marine Bancshares, Inc. Announces Agreement in Principle with Hildene Capital and . CIBM BankApril 28, 2021 GMT BROOKFIELD, Wis., April 27, 2021 (GLOBE NEWSWIRE) CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQB: CIBH), today issued a letter to its shareholders announcing that it has reached an agreement in principle with Hildene Capital Management, LLC and Hildene Opportunities Master Fund I, Ltd. (collectively, “Hildene”) regarding a plan for the repurchase by CIB Marine of all of its preferred stock over the next four years (the “Repurchase Plan”) and that it has postponed its Annual Meeting of Shareholders (the “Annual Meeting”) for three weeks to allow it time to seek regulatory approvals, finalize negotiations, and document the Repurchase Plan and a related amendment to the Company’s Articles of Incorporation.  

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