First Advantage Bancorp releases 2014 Earnings statement

Clarksville, TN – First Advantage Bancorp (OTCQX: FABK), the holding company of First Advantage Bank, announced net income of $3.252 million for the year ended December 31st, 2014, up 6.0% from $3.068 million in 2013. Basic and diluted earnings per share were $0.86 and $0.80, respectively, compared to $0.78 and $0.73, respectively, in 2013.

Net income for the fourth quarter 2014 was approximately $1 million compared to $1.2 million for the fourth quarter of 2013. The decrease in net income was primarily attributed to lower mortgage-related fee income. [Read more]

First Advantage Bancorp announces 43 percent increase in Quarterly Cash Dividends

Clarksville, TN – The Board of Directors of First Advantage Bancorp (OTC QB: FABK), the holding company of First Advantage Bank, has declared an increase in quarterly dividends paid to shareholders to $0.10.

The change represents a 43 percent increase from the previous dividend rate of $0.07. The higher dividend represents a 4% annual return on the original $10/share price.

The cash dividend will be paid on or about February 16th, 2015 to shareholders of record on February 5th, 2015. [Read more]

First Advantage Bank donates iPads to P.I.E. Partner Barksdale Elementary

Clarksville, TN – Barksdale Elementary School is kicking off the school year right with the help of Partner in Education, First Advantage Bank. New Apple iPads and an Apple charging station have been donated to the school.

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First Advantage Bancorp announces Quarterly Cash Dividends

Clarksville, TN – The Board of Directors of First Advantage Bancorp (OTC/QB: FABK), the holding company of First Advantage Bank, declares quarterly cash dividends of $0.07 per share.

The cash dividend will be paid on February 18th, 2014 to shareholders of record on February 3rd, 2014. [Read more]

First Advantage Bank names Scott Gupton Senior Vice President of Operations

Clarksville, TN – First Advantage Bank has welcomed Scott Gupton as Senior Vice President of Operations.

The 20-year banking veteran will manage the overall operations, technology and security at the bank’s corporate headquarters and seven locations in the mid-state, reporting to CFO Jerry Cooksey.

[Read more]

First Advantage Bank promotes Michael Rye to Assistant Vice President of Commerical Business Banking

Clarksville, TN – First Advantage Bank has promoted Michael Rye to Assistant Vice President, Commercial Business Banking, strengthening the bank’s growing commercial lending team in Clarksville.

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First Advantage Bank to go Private

Growing Bank Leaving NASDAQ Stock Market to Fuel Strategic Plans

Clarksville, TN – The board of directors for First Advantage Bancorp, the holding company for Clarksville-based First Advantage Bank, has approved a move to leave the NASDAQ Stock Market and take the bank private.

The organization will utilize SecondMarket, the leading alternative to the public markets, to facilitate stock transactions and shareholder communications. The company expects the move to create more shareholder value, allow the management team to focus on strategic plans for ongoing growth, and dramatically reduce its administrative costs. [Read more]