Board of directors, MetroWest Bank declares quarterly cash dividend of 2 1/2 cents per share.FRAMINGHAM Framingham (frā`mĭnghăm'), town (1990 pop. 64,994), Middlesex co., E Mass., on the Sudbury River between Worcester and Boston; settled 1650, inc. 1700. , Mass.--(BUSINESS WIRE)--Aug. 21, 1996--Ted S. Valpey Jr., chairman of the board of directors of MetroWest Bank, Framingham, Mass., announced that the board of directors has declared a quarterly cash dividend of 2 1/2 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 its common stock. The dividend will be payable Sept. 13, 1996 to shareholders of record Aug. 30, 1996. 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. . CONTACT: MetroWest Bank Robert Y. Fudge, 508/620-0300 |
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