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 24, 1996--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 a second quarter cash dividend of $.04 per common share to shareholders of record on Aug. 12, 1996. This quarterly dividend represents a 33% increase over Bancorp's second quarter 1995 dividend of $.03 per common share. 1st United Bancorp has over $446 million in assets and $43 million in capital which exceeds all minimum capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . 1st United Bank has 27 full service branches throughout Palm Beach, Brevard, Martin, and Broward counties, and is the largest community bank headquartered in Palm Beach County. 1st United Bancorp is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. listed on the NASDAQ Market under the symbol FUBC. CONTACT: 1st United Bancorp, Boca Raton John Marino, Chief Financial Officer 407/392-4000 |
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