Compass Bancshares Announces Second Quarter 2001 Dividend.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 16, 2001 The board of directors of Compass Bancshares, Inc. (Nasdaq: CBSS CBSS Council of Baltic Sea States CBSS Craft and Boat Support System CBSS Coastal Border Surveillance System (MSSC) CBSS Closed-Breach Scavenging System (compressed air system for removing smoke from tank gun tubes) ) announces a second quarter dividend of $0.23 per share of common stock. The dividend is payable on July 2, 2001, to shareholders of record as of the close of business on June 15, 2001. Compass has increased its annual dividend to shareholders for 20 consecutive years and generated increased earnings per share in each of the last 13 years. Over the past 10 years, Compass dividends per share Dividends per share Dividend paid for the past 12 months divided by the number of common shares outstanding, as reported by a company. The number of shares often is determined by a weighted average of shares outstanding over the reporting term. and earnings per share have grown at compound annual rates of 13 percent and 15 percent, respectively. Compass holds Mergent's (formerly Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. ) "Dividend Achiever" designation for increasing dividends for at least 10 consecutive years. Earlier this year, Compass was recognized by Keefe, Bruyette and Woods Keefe, Bruyette & Woods, Inc. is a stock broker and an investment bank that specialises in the financial sector. The company has seven offices in the United States and one office in London. , Inc. for the fourth consecutive year as one of the best performing banks over the past decade and named to its prestigious 2001 Honor Roll. Compass is also a member of the Forbes Platinum 400, Forbes 500 and was recently named to Forbes list of "Top 10 Dividend Plays" for 2001. Compass Bancshares, Inc. is a $21.5 billion Sunbelt-based financial holding company which operates 341 full-service banking offices in Alabama, Arizona, Colorado, Florida, Nebraska, New Mexico and Texas. Compass is among the top 40 U.S. bank holding companies by asset size and ranks among the top earners of its size based on return on equity. Shares of Compass' common stock are traded through the Nasdaq stock market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol CBSS. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Statements in this press release regarding Compass Bancshares, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |
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