Alamogordo Financial Corp. Declares Dividend.Business Editors ALAMOGORDO, N.M.--(BUSINESS WIRE)--Oct. 24, 2002 R. Miles Ledgerwood, president and chief executive officer of Alamogordo Financial Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ALMG ALMG Academia de Lenguas Mayas de Guatemala (Academy of Mayan Languages of Guatemala) ), today announced that the company has declared a cash dividend of 17 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of the company's common stock for the fiscal quarter ended Sept. 30, 2002. The dividend will be payable to stockholders of record as of Nov. 1, 2002, and will be paid on Nov. 15, 2002. Alamogordo Financial Corp. is the parent corporation for Alamogordo 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. , a federally chartered savings association headquartered in Alamogordo. The association's deposits are insured by the Federal Deposit Insurance Corp. The company reported net income of $56,215 for the three months ended Sept. 30, 2002. At Sept. 30, 2002, the company had total assets of $165.8 million, total deposits of $126.8 million, and total stockholders' equity of $27.4 million. |
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