Announcement: Staten Island Bancorp Inc. Increases Quarterly Cash Dividend by 8%.Business Editors STATEN ISLAND, N.Y.--(BUSINESS WIRE)--July 17, 2003 Staten Island Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange : SIB sib: see clan. ), (the "Company"), announced today that its Board of Directors declared a cash dividend of $0.14 per share on the Common Stock of the Company, an increase of $0.01 or 7.7% from the cash dividend paid for the first quarter of 2003. The dividend will be payable August 13, 2003 to the stockholders of record at the close of business on July 29, 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 , three 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 June 30, 2003, Staten Island Bancorp had $7.1 billion in total assets and $618.8 million of 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. . For information on our Company please visit our website at www.sibk.com. |
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