MIAMI, May 17 /PRNewswire-FirstCall/ -- Miami-based Commercial Bankshares, Inc. ("the Company") today announced that the deadline for shareholders to make elections regarding the form of consideration to be received in connection with the Company's merger with The Colonial BancGroup, Inc. has been extended to 5 pm Eastern Time Friday, May 25, 2007.
Commercial Bankshares, Inc.'s wholly owned subsidiary, Commercial Bank of Florida, currently operates fourteen branches in Miami-Dade and Broward counties. Commercial Bank of Florida is a state chartered, FDIC insured, Federal Reserve member commercial bank with approximately $1.0 billion in assets. The Company's stock is traded on Nasdaq under the symbol CLBK.
Statements contained in this release, which are not historical facts, may be considered forward-looking statements as defined in the Private Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors which include, without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, changes in the interest rates, the effects of competition, and other factors that could cause actual results to differ materially as discussed further in documents filed by the Company with the Securities and Exchange Commission from time to time.
