Cash Dividend Declared.Business Editors GLENDORA, Calif.--(BUSINESS WIRE)--Jan. 18, 2001 The Board of Directors of Foothill Independent Bancorp (Nasdaq:FOOT) has declared a cash dividend of $0.10 per share to shareholders of record Feb. 1, 2001 payable Feb. 15, 2001. George Langley, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented: "Our strong performance in 2000 provides the continuing opportunity to reward our shareholders for their support of the company. We believe that the company is positioned for continued strong growth and we look forward to the challenge of exceeding expectations in 2001." Shareholders who have previously joined the dividend reinvestment program A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity investment option offered directly from the underlying company. The investor does not receive quarterly dividends directly as cash; instead, the investor's dividends are directly reinvested in will have dividends directed accordingly. Any shareholder wishing to join the company's Dividend Reinvestment Plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. may do so by contacting Investor Relations Investor relations The process by which the corporation communicates with its investors. at 626/963-8551 or 909/599-9351. Foothill Independent Bancorp is a one-bank holding company, which, through Foothill Independent Bank, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , currently operates 12 commercial banking offices in Los Angeles, San Bernardino, and Riverside counties. At Sept. 30, 2000, the company had total assets of $495 million and shareholders' equity of $48 million. |
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