Arizona Bank declares dividends.TUCSON, Ariz.--(BUSINESS WIRE)--April 20, 1995--Arizona Bank, the largest independently owned and locally managed bank in the state of Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). , declared dividends declared dividend A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment. of $.5938 and $.6563 per share, respectively, on its Series C and Series E preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . These dividends are payable May 15, 1995. The record date for purposes of these dividends will be April 30, 1995. The preferred stock dividends were announced following another quarter of record earnings, and the recent groundbreaking of a Regional Banking Center to be located on Campbell Avenue at Blacklidge. In early May, the bank will also open an extended banking facility and community outreach Outreach is an effort by an organization or group to connect its ideas or practices to the efforts of other organizations, groups, specific audiences or the general public. office adjacent to its existing branch office in Green Valley, Ariz., as well as a newly acquired branch office to be opened at the southwest corner of Broadway Boulevard and Pantano Road in Tucson. With the opening of the Pantano branch, Arizona Bank will operate six branch offices in Tucson, one in Green Valley, and one in Willcox, Ariz. CONTACT: Arizona Bank, Tucson Sue Molera molera a term for the frontal fontanelle that persists in some dogs, particularly Chihuahuas. , 520/620-3212 |
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