Bayonne Bancshares Declares Dividend.BAYONNE, N.J.--(BUSINESS WIRE)--Sept. 22, 1997--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). 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 Sept. 30, 1997. The dividend will be payable to stockholders of record as of Oct. 3, 1997 and will be paid on Oct. 21, 1997. 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. . On Aug. 22, 1997, Bayonne Bancshares Inc. in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with its conversion and reorganization sold 4,869,190 shares of common stock, at a price per share of $10.00. In addition, 1,406,004 shares of common stock of First Savings Bank of New Jersey, SLA held by public stockholders are being exchanged for 2.933 shares of common stock of Bayonne Bancshares Inc. in accordance with the Plan of Conversion and Agreement and Plan of Reorganization. Subsequent to the conversion and reorganization, the bank has outstanding 8,993,000 shares of common stock which trades on the NASDAQ National Market as Bayonne Bancshares Inc. under the symbol "FSNJ". 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. CONTACT: First Savings Bank of New Jersey, Bayonne Eugene Malinowski, 201/437-1000 |
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