Community Savings Bankshares, Inc. Declares Dividend.Business Editors NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 21, 2001 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 December 31, 2001, payable on January 18, 2002 to shareholders of record as of January 4, 2002. In announcing the cash dividend, Mr. Pittard stated, "This makes our twenty-ninth quarter of consistently paying a cash 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 21 full service offices. At September 30, 2001 the Company had total assets of $950.0 million, total deposits of $667.0 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 $117.6 million. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion