AMERIANA BANCORP ANNOUNCES FOUR-FOR-THREE STOCK SPLIT; QUARTERLY CASH DIVIDEND INCREASED 10% TO $.14 PER SHARE.NEW CASTLE, Ind.--(BUSINESS WIRE)--Feb. 26, 1996--Harry J. Bailey, President and Chief Executive Officer of Ameriana Bancorp (The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. :ASBI ASBI American Segmental Bridge Institute ), today announced that the Company's Board of Directors has approved a four-for-three stock split, to be effected as a 33% stock dividend. The new shares - one additional share of common stock for every three shares currently held by shareholders - will be distributed on April 5, 1996, to shareholders of record on March 15, 1996. Cash will be paid in lieu of fractional shares. Ameriana Bancorp currently has approximately 2.6 million common shares outstanding. In conjunction with the stock split, Ameriana's Board also increased the quarterly cash dividend to $.14 per share, payable on a post-split basis on April 5, 1996, to shareholders of record on March 15, 1996. This represents an increase of 10% from the previous rate of $.13 per share adjusted for the stock split. Commenting on the announcement, Bailey said, "It is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that Ameriana's continued growth and increased share price have enabled the Board to split the Company's shares and again increase the cash dividend rate. We are confident that the additional shares outstanding will benefit shareholders by increasing the trading activity, visibility and liquidity of our shares." Bailey noted that this dividend increase was the tenth since regular quarterly cash dividends commenced in November 1987. The rate was last changed in August 1995. Ameriana Bancorp, through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Ameriana 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 , and Deer Park Deer Park. 1 Uninc. village (1990 pop. 28,840), Babylon town, Suffolk co., SE N.Y., a primarily residential suburb on Long Island. 2 City (1990 pop. 27,652), Harris co., SE Tex. Federal Savings and Loan Association Federal Savings and Loan Association An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. , offers an extensive line of banking services through branches in central Indiana and in the greater Cincinnati, Ohio area. Ameriana Bancorp also offers title insurance through Indiana Title Insurance Company. In addition to its banking services, Ameriana Bank, through Ameriana Financial Services, Inc., has an interest in a life insurance company, owns Ameriana Insurance Agency - a full-service insurance agency, and provides a full line of investments and securities products in its brokerage center. CONTACT: Ameriana Bancorp, New Castle Harry J. Bailey, 317/529-2230 |
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