Bank Mutual Corporation Declares a Quarterly Cash Dividend of $0.09 Per Share.Business Editors MILWAUKEE--(BUSINESS WIRE)--Oct. 30, 2002 Bank Mutual Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BKMU) today announced that the Board of Directors has declared a quarterly cash dividend of $0.09 per share. With this quarterly cash dividend, Bank Mutual's cash dividends for 2002 will have increased 21.4% over the cash dividends paid in 2001. The cash dividend will be payable December 2, 2002 to shareholders of record on November 20, 2002. The quarterly cash dividend of $0.09 is the eighth cash dividend paid by Bank Mutual since becoming a capital stock organization in November 2000. Total assets for Bank Mutual were $2.94 billion at September 30, 2002. At the same date, Shareholders' Equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. was $319.1 million or a book value of $14.59 per share. Bank Mutual Corporation is traded on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "BKMU". It is the fifth largest financial institution holding company headquartered in the state of Wisconsin. Its two subsidiary banks, Mutual Savings Bank Mutual savings bank A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees. and First Northern Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , operate 69 offices in the state of Wisconsin and one office in Minnesota. |
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