Bayonne Bancshares Announces Dividend.BAYONNE, N.J.--(BUSINESS WIRE)--Dec. 23, 1997--Michael Nilan, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bayonne Bancshares, Inc. (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) 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 Dec. 31, 1997. The dividend will be payable to stockholders of record as of Jan. 5, 1998 and will be paid on Jan. 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 shareholders prior to the completion of its second step stock 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 twelfth consecutive dividend and the first dividend paid as a fully converted stock company. -0- Bayonne Bancshares, Inc. is the Holding Company for the First Savings Bank of New Jersey, SLA which operates from its main office and three branch offices located in Bayonne, N.J. CONTACT: Eugene Malinowski, Vice President/CFO 201/437-1000 |
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