Alliance Bancorp, Inc. of Pennsylvania Initiates Quarterly Cash Dividend Policy and Announces Declaration of First Cash Dividend.BROOMALL, Pa. -- Alliance Bancorp, Inc. of Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York (the "Company") (Nasdaq Global Market: ALLB) announced today that its Board of Directors initiated a quarterly cash dividend policy and declared its first cash dividend, a $.04 cash dividend on the common stock of the Company payable on February 28, 2007, to the shareholders of record at the close of business on February 14, 2007. Alliance Bancorp, Inc. of Pennsylvania is the recently-formed "mid-tier" holding company for Alliance Bank, a Pennsylvania-chartered, FDIC-insured 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. headquartered in Broomall, Pennsylvania Broomall is a census-designated place (CDP) in Delaware County, Pennsylvania, United States. The population was 11,046 at the 2000 census. The community was named after John Martin Broomall, a 19th century U.S. congressman from the area. . Alliance Bank operates nine full service branch offices located in Delaware and Chester Counties Chester County is the name of several counties in the United States:
This news release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond the Company's control - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. The Company's reports filed from time-to-time with the Securities and Exchange Commission, including the Company's Prospectus, dated November 13, 2006, describe some of these factors, including general economic conditions, changes in interest rates, deposit flows, the cost of funds Cost of Funds The interest rate paid on an outstanding loan. Notes: Money isn't free! Cost of funds is the cost of borrowing money. See also: Interest Rate Cost of funds Interest rate associated with borrowing money. , changes in credit quality and interest rate risks associated with the Company's business and operations. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion