Center Bancorp, Inc. Boosts Quarterly Cash Dividend to $.15 Per Share.Business Editors UNION, N.J.--(BUSINESS WIRE)--June 7, 2001 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 approved an increase in the quarterly cash dividend to $.15 per share, an increase of 5%, from the current rate of $.143 per share. The dividend will be distributed on August 1, 2001, to shareholders of record on July 18, 2001. 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 is the fifth time in the last six years that the dividend has increased. The Board, based on the strong earnings performance, approved the increase. 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 twelve banking locations. Banking centers are located in Union Township, Berkeley Heights, Madison, Millburn/Vauxhall, Morristown, Springfield, and Summit New Jersey. Union Center National Bank is the largest commercial Bank headquartered in Union County, chartered in 1923 and is a full service bank. For further information regarding Center Bancorp, Inc., call 1-(800)-862-3683. For information regarding Union Center National Bank visit our web site at http://www.ucnb.com. |
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