Centennial Bancorp Declares Stock Split.Business Editors PORTLAND Portland, town, England Portland, town (1991 pop. 12,945), Dorset, S England. It is on the Isle of Portland, a small rocky peninsula. Portland stone has been used in St. Paul's Cathedral and other important London buildings. Lobsters and crabs are harvested. , Ore.--(BUSINESS WIRE)--July 20, 2000 The board of directors of Centennial Bancorp (Nasdaq:CEBC CEBC Center for Ethical Business Cultures (University of St. Thomas) CEBC Consulting Engineers of British Columbia CEBC Centre d'Études Biologiques de Chize CEBC Conselho Empresarial Brasil-China CEBC Centre For Evidence-Based Conservation ) announced it has declared a 21-for-20 (5 percent) common stock split. The distribution of additional shares represented by the stock split will be made to shareholders of record as of July 31, 2000, and is scheduled for delivery on Aug. 18, 2000. Centennial Bancorp is a bank holding company organized in 1981, whose principal subsidiary is Centennial Bank. Centennial Bank operates 20 banking offices, 13 in the Portland metropolitan area The Portland-Vancouver, Oregon-Washington, Metropolitan Statistical Area, also known as the Portland metropolitan area or Greater Portland, is an urban area in the U.S. states of Oregon and Washington centered around the city of Portland, Oregon. (including two in Vancouver, Wash.), four in Eugene, one in each of Salem, Springfield and Cottage Grove Cottage Grove, village (1990 pop. 22,935), Washington co., SE Minn., near the St. Croix River; inc. 1965. There is farming (cattle, sheep, corn, and soybeans) and manufacturing (chemicals and machinery). , Ore. Centennial Bancorp's other subsidiary, Centennial Mortgage Co., is engaged in mortgage banking, with offices in Eugene, Salem, Lake Oswego Lake Os·we·go A city of northwest Oregon, a residential suburb of Portland. Population: 35,800. and Clackamas, Ore. Centennial Bancorp recently announced record earnings for the six months ended June 30, 2000, of $6,635,279, or 32 cents per common share (as adjusted for the stock split), which represents a 10.5 percent increase over consolidated net income of $6,004,784, or 29 cents per common share (as adjusted for the stock split) for the six months ended June 30, 1999. |
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