Somerset Hills Bancorp Declares Cash Dividend of $.03 Per Share
22 8월 2006 - 2:56AM
PR Newswire (US)
BERNARDSVILLE, N.J., Aug. 21 /PRNewswire-FirstCall/ -- Somerset
Hills Bancorp (NASDAQ:SOMH) declared a cash dividend of $.03 per
share payable September 12, 2006 to shareholders of record as of
August 31, 2006. Stewart E. McClure, Jr., President and Chief
Executive Office said, "Although we continue to be persistent in
this competitive climate, and the economy appears to be slowing
down, we continue to grow and expand as will be demonstrated by the
opening of our Madison Branch in mid-September, 2006. Our mission
continues to be to deliver superior customer service coupled with
superior customer products creating a community banking environment
where relationships are paramount." Somerset Hills Bancorp is a
bank holding company which owns all of the common stock of Somerset
Hills Bank, a full service commercial bank with offices in
Bernardsville, Mendham, Morristown, and Summit, New Jersey. It has
announced plans to open three additional offices in Madison,
Stirling, and Long Valley. Somerset Hills Bank focuses its lending
activities on small to medium sized businesses, high net worth
individuals, professional practices, and consumer and retail
customers. The Bank operates a licensed mortgage company
subsidiary, Sullivan Financial Services, Inc. and also operates
Somerset Hills Wealth Management Services, LLC, a wholly owned
subsidiary licensed to provide financial services, including
financial planning, insurance (life, health, property and
casualty), mutual funds and annuities for individuals and
commercial accounts, and Somerset Hills Title Group, LLC, which,
with its partner, Property Title Group, provides title services in
connection with the closing of real estate transactions. The common
stock of the Company is traded on NASDAQ under the symbol SOMH and
the Company's warrants are traded under the symbol SOMHW. You can
visit our website at http://www.somersethillsbank.com/.
Forward-Looking Statements This news release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Those statements are
subject to known and unknown risk, uncertainties and other factors
that could cause the actual results to differ materially from those
contemplated by the statements. We based the forward-looking
statements on various factors and using numerous assumptions.
Important factors that may cause actual results to differ from
those contemplated by forward-looking statements include, for
example, the success or failure of our efforts to implement our
business strategy, the effect of changing economic conditions and,
in particular, changes in interest rates, changes in government
regulations, tax rates and similar matters, our ability to attract
and retain quality employees, and other risks which may be
described in our future filings with SEC. DATASOURCE: Somerset
Hills Bancorp CONTACT: Stewart E. McClure, Jr., President and Chief
Executive Officer, +1-908-630- 5000, or Gerard Riker, EVP and Chief
Financial Officer, +1-908-630-5018, both of Somerset Hills Bancorp
Web site: http://www.somersethillsbank.com/
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