1st United reports quarterly dividend.BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 24, 1996--The board of directors of 1st United Bancorp (NASDAQ:FUBC), parent of 1st United Bank, announced a fourth quarter cash dividend of $.03 per common share to shareholders of record as of Feb. 5, 1996, which is anticipated to be paid on or about Feb. 16, 1996. Previously on Jan. 5, 1996, 1st United Bancorp completed the acquisition of The American Bancorporation of the South. The acquisition increased the assets of 1st United Bancorp by approximately $167 million and added 16 branches located throughout Brevard Brevard (brəvärd`), town (1990 pop. 5,388), seat of Transylvania co., SW N.C., near French Broad River in the Blue Ridge Mts.; inc. 1867. An agricultural trade center with some light manufacturing, Brevard is also a summer resort in North Carolina's "Land of Waterfalls. county. 1st United Bancorp now has over $450 million in assets and $40 million in capital which exceeds all minimum capital requirements. 1st United Bank has 27 full service branches throughout Palm Beach, Brevard, Martin and Broward counties, four of the fastest growing counties in Florida and is the largest community bank headquartered in Palm Beach County. 1st United Bancorp is a publicly traded company 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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