First Interstate Bancorp.First Interstate Bancorp First Interstate Bancorp was a bank based in the United States that was taken over in 1996 by Wells Fargo. It was headquartered in Los Angeles. The name has continued to be used in the banking world by used after the merger by First Interstate Bank who had been using the The board of directors of Los angeles-based First Interstate Bancorp. declared a quarterly cash dividend on common stock of 75 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. payable Sept. 28, 1990 to stockholders to record on Sept. 7, 1990. First Interstate also declared a quarterly cash dividend of 59 3/8 cents per share on series A preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. payable Sept. 28, 1990 to stockholders of record on Sept. 17, 1990. A dividend of 89 cents per share of adjustable rate cumulative preferred stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. series B will be paid on Oct. 15, 1990 to shareholders of record on Sept. 30, 1990. |
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