1st United Announces Quarterly Dividend.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--July 23, 1997--1st United 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 :FUBC), parent of 1st United Bank, announced their second quarter cash dividend of $.11 per common share to shareholders of record on Aug. 15, 1997 payable on or around Aug. 26, 1997. This quarterly dividend is consistent with the prior quarterly dividend and represents a 275% increase over the same quarter in 1996. On July July: see month. 1, 1997, 1st United completed its acquisition of Seaboard Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , F.S.B. ("Seaboard") headquartered in Stuart, Fla., and has merged it into its subsidiary, 1st United. Seaboard had approximately $75 million in assets and operated one banking center in Stuart. 1st United now operates 33 full service banking centers in Palm Beach, Martin, northern Broward Broward could refer to:
CONTACT: 1st United Bancorp John Marino, Chief Financial Officer 561/392-4000 |
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