Abington Bancorp Announces Quarterly Cash Dividend.Business Editors ABINGTON, Mass.--(BUSINESS WIRE)--April 4, 2003 Abington Bancorp, Inc. (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 NMS See NetWare Management System. :ABBK) announced today that its Board of Directors had approved payment of a quarterly cash dividend for holders of its common stock of $0.11 per share. The dividend is payable on May 1, 2003, to stockholders of record as of the close of business on April 17, 2003. James P. McDonough, President and Chief Executive Officer of Abington Bancorp, said, "This dividend reflects our continuing confidence in our core community banking operations and our commitment to share the rewards of our performance with our shareholders." As previously disclosed, the Bank expects to file its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002 by April 15, 2003, in connection with revisions it expects to make to its 2002 results. The Bank intends to hold a conference call with the investment community following that filing. Abington 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. is a Massachusetts-chartered savings bank with deposits insured in full by the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. and the Depositors Insurance Fund The Depositors Insurance Fund was created by the state government of Massachusetts in response to the large number of Massachusetts bank failures during the Great Depression. The Federal Deposit Insurance Corporation was inspired by this fund. . The Bank currently operates a main office in Abington, a Corporate Headquarters in Weymouth and sixteen other branches located in Brockton, Canton, Cohasset, Dorchester, East Milton, Halifax, Hanover, Hanson, Holbrook, Hull, Kingston, Pembroke, Quincy, Randolph, Weymouth and Whitman. Certain statements herein constitute "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those indicated, including changing regional and national economic conditions, changes in the real estate market, changes in levels of market interest rates, credit risks on lending activities, and competitive and regulatory factors. All forward-looking statements are necessarily speculative and undue reliance should not be placed on any such statements, which are accurate only as of the date made. The Company disclaims any duty to update such forward-looking statements. |
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