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1ST BANCORP announces 5% stock dividend.


VINCENNES, Ind.--(BUSINESS WIRE)--Dec. 21, 1995--The Board of Directors of 1ST BANCORP announced today that it has declared a 5% stock dividend on its shares of common stock. The dividend will be paid February 9, 1996 to shareholders of record as of January 26, 1996. No fractional shares will be issued, and cash in lieu Cash In Lieu (CIL)

In a typical exchange offer, "old" shares of the target company are exchanged for "new shares".
 of fractional shares based on the market price per share of the Corporation's common stock on January 26, 1996, will be paid to shareholders.

1ST BANCORP (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 - FBCV FBCV Federação Brasileira de Carro à Vela ) is a holding company whose subsidiaries include First Federal Bank, A Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank
FSB

savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
, First Financial Insurance Agency, Inc., and First Title Company. The Bank operates a retail banking office in Vincennes, Indiana and operates loan origination offices in Indianapolis, New Albany, and Evansville, Indiana and in suburbs of Cincinnati, Dayton and Cleveland, Ohio.

CONTACT: 1ST BANCORP, Vincennes

Frank Baracani, 812/882-4528
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 21, 1995
Words:146
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