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Belmont Bancorp. Shareholders to Receive Settlement Proposal.


Business Editors

ST. CLAIRSVILLE St. Clairsville may refer to:
  • St. Clairsville, Ohio
  • St. Clairsville, Pennsylvania
, Ohio--(BUSINESS WIRE)--Oct. 31, 2001

Belmont Belmont (bĕl`mŏnt).

1 City (1990 pop. 24,127), San Mateo co., W Calif., a residential suburb midway between San Francisco and San Jose; laid out 1851, inc. 1926. There is light manufacturing, and the College of Notre Dame (est.
 Bancorp. (Nasdaq:BLMT), parent corporation of Belmont National Bank, has announced a notice of proposed settlement of a civil action will be mailed to all Belmont Bancorp. shareholders of record as of October October: see month.  29, 2001. The notice, which will be also be published in selected newspapers, presents a proposed settlement between the plaintiff, James John Fleagane, suing as an individual shareholder and derivatively on behalf of Belmont National Bank and Belmont Bancorp., and the defendants, S.R. Snodgrass, A.C a.c.,
adv the abbreviation for ante cibum, a Latin phrase meaning “before eating.”
. and Michael Zeno. Included in the terms of the parties' proposed settlement agreement is that Snodgrass will pay the sum of $4 million, of which Belmont anticipates receiving in excess of $2 million upon distribution of the proceeds.

Any Belmont Bancorp. shareholder who does not receive a copy of the notice may request a copy of the notice by sending proof of Belmont Bancorp. common stock ownership to Belmont Bancorp. Investor Relations Investor relations

The process by which the corporation communicates with its investors.
, PO Box 249, St Clairsville OH 43950.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 31, 2001
Words:170
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