Community Savings declares dividend.NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 23, 1996--James B. Pittard Jr., president and chief executive officer of Community Savings, F.A. ("Community Savings" or the "Association") (Nasdaq:CMSV CMSV Collgeg of Mount Saint Vincent (Riverdale, NY) ) announced Monday Monday: see week. that the board of directors has declared a regular cash dividend of $.20 per share on Community Savings' common stock for the quarter ending Dec. 31, 1996 payable on Feb. 3, 1997 to shareholders of record as of Jan. 15, 1997. ComFed, M.H.C., the mutual holding company for the Association, has announced that it has waived its right to receive the dividend. Accordingly, the dividend will be paid only on the remaining shares of common stock issued and outstanding. Chartered in 1955, Community Savings 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. headquartered in North Palm Beach, the deposits of which are insured by the Federal Deposit Insurance Corp. Community Savings has 18 full service offices located throughout northern Palm Beach, Martin, and St. Lucie St. Lucie may refer to:
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 $75.1 million. -0- NOTE TO EDITORS: In the World Wide Web address noted in this news release, there is a double slash between http: and www.communitysavings.com. These symbols may not appear properly in some systems. CONTACT: Community Savings, F.A., North Palm Beach James B. Pittard Jr., President 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. Larry J. Baker, Senior Vice President and Treasurer 561/881-2212 http://www.communitysavings.com |
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