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Cavalry Bancorp Declares $0.05 Per Share Quarterly Cash Dividend.


Business Editors

MURFREESBORO, Tenn.--(BUSINESS WIRE)--May 23, 2003

Cavalry Bancorp, 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
:CAVB) today announced that its Board of Directors has approved the regular quarterly cash dividend of $0.05 per share. The dividend is payable July 11, 2003, to shareholders of record on June 30, 2003. The quarterly amount is equivalent to an annualized annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
 rate of $0.20 per share.

Cavalry Bancorp is the parent of Cavalry Banking, a community-oriented financial institution operating nine retail offices in Rutherford and Bedford Counties Bedford County is the name of several counties in the United States:
  • Bedford County, Pennsylvania
  • Bedford County, Tennessee
  • Bedford County, Virginia
 in Central Tennessee. In addition, the Cavalry Mortgage division of Cavalry Banking operates an origination office in Davidson County Davidson County is the name of two counties in the United States:
  • Davidson County, North Carolina
  • Davidson County, Tennessee
 serving the metropolitan Nashville area and surrounding communities.
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Publication:Business Wire
Geographic Code:1USA
Date:May 23, 2003
Words:110
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