American Federal announces 20% increase in dividend.GREENVILLE, S.C.--(BUSINESS WIRE)--Jan. 16, 1997--American Federal Bank, FSB (FrontSide Bus) See system bus. FSB - front side bus (Nasdaq:AMFB AMFB Acquisition Management Functional Board (DoD DAU) AMFB Alfred Murrah Federal Building ) today announced a 20% increase in the regular quarterly dividend to twelve 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. . The increase reflects the growth in earnings announced on Jan. 15, 1997. It marks the fourth straight year that dividends have increased at least 20%. The Bank began paying dividends in 1993. The dividend is payable on Feb. 10, 1997 to shareholders of record on Jan. 24, 1997. American Federal has $1.3 billion in assets and 40 branch offices covering twelve counties in northwestern South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . The Bank also owns a consumer finance company, Finance South, with 17 branch offices. American Federal's common stock trades on the Nasdaq National Market under the symbol AMFB. Market makers include J.C. Bradford & Co., Davenport Davenport, city (1990 pop. 95,333), seat of Scott co., E central Iowa, on the Mississippi River; inc. 1836. Bridges connect it with the Illinois cities of Rock Island and Moline; the three communities and neighboring Bettendorf, Iowa, are known as the Quad Cities. & Co. of Virginia, Herzog, Heine, and Geduld, Inc., Interstate/Johnson Lane, Keefe, Bruyette & Woods, Inc., The Robinson Humphrey Co., Inc., Ryan Beck & Co., Inc., and Wheat First Butcher & Singer. CONTACT: American Federal Bank, Greenville Mary Margaret Dragoun, 864/255-7253 |
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