Board of directors, Framingham Savings Bank declares special cash dividend of $.05 per share.FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 15, 1995--Ted S. Valpey Jr., chairman of the board of Framingham 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. , Framingham, Mass., announced today that the board of directors has declared a special cash dividend of $.05 per share on its common stock. The dividend will be payable Dec. 15, 1995, to shareholders of record Nov. 30, 1995. The common stock of the bank trades on the 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 System under the symbol "FSBX" and the warrants trade under the symbol "FSBXW." 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. . CONTACT: Framingham Savings Bank Robert Y. Fudge, 508/20-0300 |
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