Community Bankshares Inc. -SC- Announces Quarterly Cash Dividend; Cash Dividend Payable December 31, 2003 is Nine Cents Per Share.Business Editors ORANGEBURG, S.C.--(BUSINESS WIRE)--Nov. 25, 2003 Community Bankshares Inc., (AMEX AMEX See: American Stock Exchange :SCB ScB abbr. Latin Scientiae Baccalaureus (Bachelor of Science) ), announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share, payable December 31, 2003 to shareholders of record December 15, 2003. Total cash dividends paid during 2003 will be $.36 per common share compared to $.32 cents per common share in 2002, a 12.5% increase. Chairman and 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. E. J. Ayers stated, "Based on a review of earnings, growth, capital and other factors, our board determined that the dividend payment was consistent with our need for capital and our philosophy of rewarding shareholders." For further information about the Company please visit its website www.communitybanksharesinc.com and click on the IR (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) tab. Community Bankshares has a dividend reinvestment and additional stock purchase plan. Information on the plan may be obtained from Registrar and Transfer Company, the plan administrator, at 800-368-5948. Community Bankshares' common stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors SCB. Community Bankshares Inc., based in Orangeburg, South Carolina Orangeburg, also known as "The Garden City," is the largest city and county seat of Orangeburg County, South Carolina, United States. The population was 12,765 at the 2000 census. The population has steadily declined since the 1950s. , is the holding company for Bank of Ridgeway, Community Resource Mortgage Inc., Florence National Bank, Sumter National Bank and Orangeburg National Bank. This press release contains forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and several factors could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements relate to anticipated office openings, increasing of lending capabilities, growing of assets and infrastructure, and growth of the market for our services and products. The following factors, among others, could cause actual results to differ from those indicated in the forward-looking statements: uncertainties associated with market acceptance of and demand for the company's services and products, impact of competitive products and pricing, dependence on third party suppliers, and uncertainties associated with the development of technology. Investors are directed to the company's 2002 annual report, which is available on the Company's website: www.communitybanksharesinc.com. |
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