May 23, 2012
103:100
For every 100 shares held, investors received 103. The price per share adjusted from $9.52 to $9.25.
The split itself did not change the total investment value.
Towne Bank (FRA:3T8) operates in the Regional banks industry.
Towne Bank company overviewTowne Bank's most recent stock split was on May 23, 2012. It was a 103-for-100 forward split, so shareholders received 103 shares for every 100 they held.
Towne Bank (FRA:3T8) has split its stock 4 times: a 2-for-1 split on February 26, 2002, a 3-for-2 split on June 18, 2004, a 103-for-100 split on August 24, 2005, and a 103-for-100 split on May 23, 2012.
Towne Bank has split its stock 4 times. This history records 4 forward splits between February 26, 2002 and May 23, 2012.
A stock split divides each share into more shares and lowers the price per share by the same factor, so the total value of a holding does not change. In Towne Bank's 103-for-100 split on May 23, 2012, every 100 shares became 103 shares.
Towne Bank has not announced a new split in our records. Its most recent split was on May 23, 2012, 14 years ago. Companies announce splits in advance, and any new FRA:3T8 split will appear on this page.