Bayonne Bancshares, Inc. Makes Announcement.BAYONNE, N.J.--(BUSINESS WIRE)--March 20, 1998--(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 National Market:FSNJ)--Michael Nilan, President and Chief Executive Officer of Bayonne Bancshares, Inc. today announced a cash dividend of $.0425 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. on the outstanding common stock of Bayonne Bancshares, Inc. for the quarter ending March 31, 1998. The dividend will be payable to stockholders of record as of April 6, 1998 and will be paid on April 16, 1998. Bayonne Bancshares, Inc. is the Holding Company of First 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. of New Jersey, SLA (1) (StereoLithography Apparatus) See 3D printing. (2) (Service Level Agreement) A contract between the provider and the user that specifies the level of service expected during its term. . The quarterly rate of $.0425 cents per share approximates the quarterly dividend of $.125 cents per share paid to the Bank's stockholders prior to the completion of its second step conversion and the exchange of the Bank's common stock for 2.933 shares of common stock of Bayonne Bancshares, Inc. This is the Bank's thirteenth consecutive dividend and the second dividend paid as a fully converted stock company. Bayonne Bancshares, Inc. is the Holding Company for First Savings Bank of New Jersey, SLA which operated from its main office and three branches located in Bayonne, New Jersey Bayonne is a city in Hudson County, New Jersey, United States, south of Jersey City. As of the United States 2000 Census, the city had a total population of 61,842. According to tradition, the city derives its name from the city of Bayonne in France. . CONTACT: Eugene V. Malinowski Vice President/CFO 201/437-1000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion