First Independent sets 71-for-1 stock split

The board of Reno-based First Independent Capital, parent company of First Independent Bank of Nevada, approved a 71-for-1 split of its common stock.

The record date for the split will be with regard to shareholders of record on May 31.

Share certificates reflecting the additional shares will be mailed after June 1.

First Independent Capital has 14,805 common shares outstanding as of April 22.