Board of Directors, MetroWest Bank Increases Quarterly Cash Dividend From 5 Cents Per Share to 6 Cents Per Share.FRAMINGHAM, Mass.--(BUSINESS WIRE)--Aug. 25, 1999-- Ted S. Valpey, Jr., Chairman of the Board of Directors of MetroWest Bank, Framingham, MA, (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 :MWBX) announced that the Board of Directors voted a 20% increase in its quarterly cash dividend from 5 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. to 6 cents per share on its common stock. The dividend will be payable September 20, 1999 to stockholders of record September 7, 1999. The Bank's Common Stock trades on the Nasdaq National Market System under the symbol "MWBX". The Bank's deposits are fully insured by the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). and the Depositors Insurance Fund The Depositors Insurance Fund was created by the state government of Massachusetts in response to the large number of Massachusetts bank failures during the Great Depression. The Federal Deposit Insurance Corporation was inspired by this fund. . |
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