American Federal declares quarterly dividend.GREENVILLE, S.C.--(BUSINESS WIRE)--May 15, 1997--American Federal, 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 that the Board of Directors has declared a regular quarterly cash dividend of 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 dividend is payable on July 1, 1997 to shareholders of record on June 18, 1997. American Federal has $1.3 billion in assets and 40 branch offices covering twelve counties in northwestern South Carolina. In February 1997, a definitive agreement was signed to merge with CCB CCB Calcium channel blocker, see there Financial Corporation, headquartered in Durham, North Carolina Durham is a city in the U.S. state of North Carolina. It is the county seat of Durham CountyGR6 and is the fourth-largest city in the state by population. . Under the agreement, American Federal shareholders will receive .445 shares of CCB common stock in exchange for each share of American Federal common stock. The combined company will have $6.9 billion in assets and 201 branch offices in a market that spans 40 counties across the Carolinas. The merger is subject to shareholder and regulatory approval, and is anticipated to be completed in the third quarter of 1997. American Federal's common stock trades on the Nasdaq National Market under the symbol AMFB. Market makers include J.C. Bradford & Co., Davenport & 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, FSB, Greenville Mary Margaret Dragoun, 864/255-7253 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion