AMERIANA BANCORP DECLARES SPECIAL DIVIDEND OF $.25 PER SHARE.NEW CASTLE, Ind.--(BUSINESS WIRE)--Dec. 7, 1994--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 declared a special dividend of $.25 per share. This dividend, payable January 20, 1995, to shareholders of record as of December 30, 1994, reflects the distribution of approximately one-half of the net proceeds Ameriana recently received in connection with the settlement of certain litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . "It is very 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. to be able to make this special payment to our shareholders," Bailey commented. "Our recently announced settlement with Aetna Casualty and Surety Company resolved a legal battle that has lasted for several years and which consumed a significant amount of management's time and attention. We deeply appreciate the loyal support of our shareholders during the intervening time and welcome this opportunity to reward them directly for that support." Ameriana Bancorp, through its wholly owned subsidiaries, 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 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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