Summit Bancshares Declares Cash Dividend
21 1월 2005 - 4:07AM
PR Newswire (US)
Summit Bancshares Declares Cash Dividend FORT WORTH, Texas, Jan. 20
/PRNewswire-FirstCall/ -- Summit Bancshares, Inc. (NASDAQ:SBIT),
today announced that its Board of Directors declared a quarterly
dividend of $.07 per share of common stock. Annualized, this
represents a dividend payout of $.28 per share. Also, this dividend
rate reflects the two for one stock split that was effective
December 31, 2004. The dividend will be paid on February 14, 2005
to shareholders of record on January 28, 2005. Summit Bancshares is
a community oriented bank holding company with one banking
subsidiary -- Summit Bank, N.A. and assets of $989 million. The
bank is engaged in full-service commercial and consumer banking in
Tarrant County with twelve offices. Summit Bancshares is
publicly-traded on the Nasdaq National Market System and listed
under the symbol "SBIT". For more information on Summit Bancshares,
please visit the Company's website at http://www.summitbank.net/ .
Certain statements contained in this press release that are not
historical in nature, including statements regarding the Company's
and/or management's intentions, strategies, beliefs, expectations,
representations, plans, projections, or predictions of the future,
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and are intended to be
covered by the safe harbor provisions for forward-looking
statements contained in such Act. We are including this statement
for purposes of invoking these safe harbor provisions.
Forward-looking statements are based on assumptions involving
certain known and unknown risks and uncertainties, many of which
are beyond the Company's control, and other important factors that
could cause actual results, performance or achievements to differ
materially from the expectations expressed or implied by such
forward-looking statements. These risks and uncertainties are
listed from time to time in the Company's filings with the
Securities and Exchange Commission, including but not limited to,
those set forth under the heading "Factors That May Affect Future
Results" in the Company's Annual Report on Form 10-K for the year
ended December 31, 2003.
http://www.newscom.com/cgi-bin/prnh/20041025/DASBANKLOGO
http://photoarchive.ap.org/ DATASOURCE: Summit Bancshares, Inc.
CONTACT: Bob G. Scott of Summit Bancshares, Inc., +1-817-877-2660
Web site: http://www.summitbank.net/
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