Cornerstone Bancorp, Inc. Pays Shareholder Dividend.STAMFORD, Conn.,--(BUSINESS WIRE)--Sept. 17, 1999-- Norman H. Reader, President, announced that the Board of Directors Of Cornerstone Bancorp, Inc. (AMEX AMEX See: American Stock Exchange :CBN CBN - call-by-name )(the 'Bancorp') declared, at its regularly scheduled meeting, a quarterly cash dividend of $0.06 per share, payable on October 15, 1999, to stockholders of record as of the close of business on September 30, 1999. This dividend follows a regular dividend of $0.06 per share paid on January 15, April 15 and July 15, 1999 and a special dividend of $0.18 per share paid on February 19, 1999. In Connecticut, Cornerstone Bancorp operates from four full service locations in Stamford, one full service location in Greenwich and Norwalk as well as three limited service mobile branches. Cornerstone Bancorp's common stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol CBN. 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 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: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements may be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including uncertainties in the market, pricing competition, procurement, efficiencies and other risks detailed from time to time in the Company's financial statements and other factors discussed in the Company's securities filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this news release. Cornerstone Bank is a full service commercial bank with four offices located in Stamford and one office in Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1. . |
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