Community Savings Bankshares, Inc. Corrects and Replaces Earlier Release.NORTH PALM BEACH, Fla.--(BUSINESS WIRE)---June 30, 1999-- James B. Pittard, Jr., President and Chief Executive Officer of Community Savings Bankshares, Inc. (the "Company") (Nasdaq:CMSV CMSV Collgeg of Mount Saint Vincent (Riverdale, NY) ) announced today that the Board of Directors has declared a regular cash dividend of $.11 per share on the Company's common stock for the quarter ended June 30, 1999, payable on August 2, 1999 to shareholders of record as of July 15, 1999. In announcing the cash dividend, Mr. Pittard stated, "We are pleased to be continuing to pay a consistent dividend to our shareholders." Community Savings Bankshares, Inc., a Delaware-chartered stock holding company, is the parent holding company for Community Savings, F. A. (the "Association"). Chartered in 1955, the Association is a federal savings and loan association Federal Savings and Loan Association An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. , the deposits of which are insured by the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. . Headquartered in North Palm Beach, Florida North Palm Beach is an incorporated village in Palm Beach County, Florida, United States. The population was 12,064 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 12,645. , the Association serves customers in Palm Beach, Martin, St. Lucie, and Indian River counties from 20 full service offices and a loan production office. At March 31, 1999, the Company had total assets of $835.7 million, total deposits of $584 million, and total shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. of $133.6 million. |
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