City Savings Financial Corporation Announces Declaration of Cash Dividend.Business Editors MICHIGAN CITY, Ind.--(BUSINESS WIRE)--Dec. 16, 2002 City Savings Financial Corporation (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSFC CSFC Civil Service Football Club (UK) ), the holding company of City Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. announced that its Board of Directors declared an annual cash dividend of $0.20 (twenty cents) per share on the common stock of the Company. The dividend will be paid on January 6, 2003, to the shareholders of record at the close of business on December 23, 2002. This is the first dividend paid by the Company since its initial public offering in December of 2001. City Savings Financial Corporation is the holding company of City Savings Bank, which conducts business from two full service offices located in Michigan City, Indiana Michigan City is a city in LaPorte County, Indiana, USA. Michigan City is part of the Chicago metropolitan area as defined by the federal government. It is also part of an area known to locals as Michiana. , and Rolling Prairie, Indiana with the main office located in Michigan City. The Bank has recently entered into an agreement to purchase land to establish a new branch in Chesterton, Indiana. |
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