Advantage Bank Declares Stock Dividend After One Year in Operation.Business Editors BRANCHBURG, N.J.--(BUSINESS WIRE)--Feb. 24, 2000 The Board of Directors of Advantage Bank has declared a stock dividend of 5 percent, payable on March 31 to shareholders of record as of March 15, 2000. "We're extremely pleased with the bank's rapid progress toward profitability in its first year of operation," said Anthony D. Schoberl, chairman of the community bank, "and we have declared our first dividend as evidence of the board's gratitude Gratitude agrimony traditional symbol for gratitude. [Flower Symbolism: Flora Symbolica, 172] Androcles because he had once extracted a thorn from its paw, the lion refrained from attacking Androcles in the arena. [Rom. Lit. and commitment to our initial shareholders." Advantage Bank opened its headquarters on Jan. 12, 1999 at 3421 Route 22 East, Branchburg. At the end of its second quarter (June 30, 1999), the bank reported total assets of $20 million, which exceeded its year-end asset target. On July 30, Advantage opened its first full-service branch in Raritan Township township: see town. at 215 Route 31 South. "We believed from the start that a number of bank mergers in the Somerset/Hunterdon area opened up a considerable opportunity for a truly customer-focused community bank," Schoberl said. "The positive community response at both of our offices bears that out, and we continue to pursue new locations." Advantage Bank is a member of FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). and MAC and is an equal housing lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. . For further information, call 908-685-5800 (or 800-959-0068 toll free) or visit the bank's Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the site at www.bankadvantage.com. Advantage Bank's stock is listed on the 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 Bulletin Board under the symbol ADBK. |
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