CCBT Financial Companies, Inc. Announces Dividend, CFO Transfer.Business Editors The CCBT CCBT Comprehensive Cognitive Behavioral Therapy Financial Companies, 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 : CCBT) Board of Directors today declared a quarterly dividend of 19 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. payable July July: see month. 31, 2002 to stockholders of record at the close of business July 22, 2002. This is the same rate that was paid the previous quarter. Stephen B. Lawson, President and Chief Executive Officer, also announced that effective August 1, 2002 Noal Reid will resign from the position of Chief Financial Officer of CCBT Financial Companies Inc. and its banking subsidiary, Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. Bank & Trust Co., N.A., to become Senior Investment and Tax Officer of the bank. "This shift in position will allow Mr. Reid to devote his full time to the investment portfolio and to the company's tax matters," Lawson said. "Given the increased complexities of both and the increased size of the company's investment portfolio we believe this is an excellent arrangement for both Mr. Reid and the company. Mr. Reid is responsible for developing the company's leveraged investment program which has been a very positive event for our earnings over the last several years." "While we have several excellent inside candidates who will be included in the selection process the board has agreed to perform a search due to the importance and current focus on this position," Lawson said. This report may contain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." These statements relate to, among other things, future financial results of the Company. Reference is made to the Company's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission for factors that could cause actual results to differ materially from those anticipated, including without limitation changes in economic conditions and equity and fixed income market fluctuations. |
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