First Southern Bancshares, Inc. declares first cash dividend.FLORENCE Florence, city, Italy Florence (flôr`əns, flŏr`–), Ital. Firenze, city (1991 pop. 403,294), capital of Tuscany and of Firenze prov., central Italy, on the Arno River, at the foot of the Apennines. , Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--June 16, 1995--Charles L. Frederick Frederick, city, United States Frederick, city (1990 pop. 40,148), seat of Frederick co., NW Md.; settled 1745, inc. 1817. The processing center of a fertile farm and dairying area, it makes beer, household items, optical and glass products, leather goods, , Jr., President and Chief Executive Officer of First Southern Bancshares, Inc. (NASDAQ/NMS:FSTH), announced today that the Corporation's Board of Directors declared a ten cent ($.10) per share cash dividend on the Corporation's outstanding common stock. The dividend will be payable July July: see month. 15, 1995 to stockholders of record as of June 30, 1995. "This represents our first cash dividend since becoming a public company this past April," stated Mr. Frederick. The Corporation completed its initial public offering on April 13, 1995, in connection with the conversion of First Federal Savings and Loan Association Federal Savings and Loan Association An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. of Florence from the mutual to stock form of organization. Subsequent to that date, the Association completed its conversion to an Alabama-chartered commercial bank effective June 10, 1995. First Southern Bancshares, Inc. is the holding company for First Southern Bank, an Alabama-chartered commercial bank serving Lauderdale and Colbert Counties. At May 31, 1995, the Company had consolidated assets of $179 million. CONTACT: First Southern Bancshares, Inc., Florence Charles L. Frederick, Jr., 205/764-7131 |
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