Compass Bancshares announces dividend.BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Aug. 19, 1996--On Monday, August 19, the directors of Compass Bancshares Compass Bancshares, Inc. is a privately held company based in Birmingham, Alabama. Its subsidiary, Compass Bank, is a Southwestern financial holding company with $47 billion in assets and 417 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. , Inc. declared a third quarter dividend of $.32 per share of common stock. The dividend is payable on Oct. 1, 1996 to shareholders of record of the Company's $2.00 par value common stock as of the close of business on Sept. 15, 1996. Compass Bancshares has increased its annual dividend to shareholders for the past 15 consecutive years, and the company's five-year compound annual growth rate in dividends is 17 percent. Compass Bancshares, Inc. is a $10.8 billion bank holding company with 193 offices in Alabama Alabama, indigenous people of North America Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). , Florida and Texas. Compass reported record earnings of $67.4 million for the first six months of 1996, and has a capital base of $701 million. Shares of the company's common stock are traded through the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on national market system under the symbol 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) . CONTACT: Compass Bancshares, Inc., Birmingham Michael A. Bean, 205/558-5740 Ellen Laden, 205/933-3554 |
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