Announcement: Staten Island Bancorp, Inc. Declares Quarterly Cash Dividend.Business Editors STATEN ISLAND, N.Y.--(BUSINESS WIRE)--Jan. 22, 2003 (NYSE NYSE See: New York Stock Exchange : SIB sib: see clan. ), Staten Island Bancorp, Inc. (the "Company") announced today that its Board of Directors has declared a cash dividend of $0.13 per share on the Common Stock of the Company. The dividend will be payable February 14, 2003 to the stockholders of record at the close of business on February 3, 2003. Staten Island Bancorp, Inc. is the holding company for SI Bank & Trust. SI Bank & Trust was chartered in 1864 and currently operates 17 full service branches and three limited service branches on Staten Island, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and two full service branches in Brooklyn, New York; and 15 full service branches in New Jersey. SI Bank & Trust also operates SIB Mortgage Corp., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SI Bank & Trust, which conducts business under the name of Ivy Mortgage in 42 states. On December 31, 2002, Staten Island Bancorp had $6.9 billion in total assets and $6.14.3 million of total stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. . |
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