Community Savings Bankshares, Inc. and Community Savings, F. A. Announce Results of Annual Meetings of Shareholders.Business Editors NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--April 27, 2000 Community Savings Bankshares, Inc. (the "Company") (Nasdaq:CMSV CMSV Collgeg of Mount Saint Vincent (Riverdale, NY) ) and Community Savings, F. A. (the "Association") announced today that Messrs. Karl D. Griffin and Harold I. Stevenson were reelected as directors each for a three year term and John Sheldon Clark was elected as director for a one year term at the Company's Annual Meeting of Shareholders held on April 26, 2000 and at the Association's Annual Meeting of Shareholders held on April 27, 2000. In addition, the shareholders of the Company and the Association ratified the Board of Directors' appointment of Crowe, Chizek and Company LLP LLP - Lower Layer Protocol as independent auditors for the Company and the Association for the fiscal year ended December 31, 2000. James B. Pittard, Jr., President and Chief Executive Officer of the Company and the Association stated, "We are very pleased to have Sheldon join our Boards of Directors and we welcome his beneficial experience and extensive insight into our business." Community Savings Bankshares, Inc., a Delaware-chartered stock holding company, is the parent holding company for Community Savings, F. A. Chartered in 1955, the Association is a federal stock savings and loan association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. , 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 March 31, 2000, the Company had total assets of $905.8 million, total deposits of $636.4 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 $115.7 million. Please visit www.communitysavings.com for more information about the Company and the Association's loan and deposit products and services - including Online Banking. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion