Center Bancorp, Inc., Declares 2-for-1 Stock Split and Announces an Increase in Quarterly Dividend Rate.Business Editors UNION, N.J.--(BUSINESS WIRE)--April 15, 2003 Center 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 :CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. ) parent company to Union Center National Bank of Union, New Jersey, announced that the Board of Directors has declared a 2-for-1 stock split of its common stock. The stock split is payable June 2, 2003, to shareholders of record on May 19, 2003. The Board of Directors additionally approved an increase in the quarterly cash dividend rate to $.09 per share, an increase of approximately 5.9%, from the former rate of $.085 per share. The former rate of $.085 per share reflects the 2-for-1 stock split declared by the board today. The new cash dividend rate will be effective with the second quarter dividend. John J. Davis See also John J. Davis (congressman) for the West Virginia politician. John J. Davis was a U.S. Army officer. From September 1, 1965 to October 19, 1966, Davis, then a Major General, served as the Assistant chief of Staff for Intelligence, Headquarters, Department President & 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. , stated that this represents the ninth time in the last 12 years that Center Bancorp, Inc. has paid a stock dividend or split the stock. Mr. Davis further indicated that with respect to the cash dividend that this the tenth time in the last twelve years that the dividend has increased. Center Bancorp Inc., through its 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. , Union Center National Bank, Union, New Jersey operates thirteen banking locations. Banking centers are located in Union Township There are many townships named Union Township in the United States: Michigan
The Bank also operates a remote ATM location in Union Hospital in Union. Union Center National Bank is the largest commercial Bank headquartered in Union County; chartered in 1923 and is a full service banking company. For further information regarding Center Bancorp Inc., call 1-(800)-862-3683. or visit our website at http://www.centerbancorp.com. |
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