First United Bancshares Inc. Declares Quarterly Dividend.EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. , Ark.--(BUSINESS WIRE)--Aug. 18, 1997--The Board of Directors of First United Bancshares Inc. has declared a quarterly dividend of $.20 per share on common stock. The dividend is payable Sept. 30, 1997 to shareholders of record as of Sept. 9, 1997. First United, with $1.57 billion in assets, is a multi-bank holding company with eight affiliate banks and a non-bank subsidiary Non-bank subsidiaries, are firms owned by bank holding companies which offer non-bank products and services, such as insurance and investment advice, and do not offer FDIC insured banking products, such as checking and savings accounts. , First United Trust Company, N.A., serving 27 communities in Arkansas and Texas. In addition, First United has signed a definitive agreement to acquire Fredonia State Bank, a $245 million bank located in Nacogdoches, Texas Nacogdoches (pronounced [ˌnæːkə̆ˈdoʊtʃɪs]) is a city in Nacogdoches County, Texas, in the United States. As of the 2000 census, the city population was 29,914. with branches in Garrison in the condition of a garrison; doing duty in a fort or as one of a garrison. See also: Garrison and Alto. First United has also signed a definitive agreement to obtain City Bank & Trust, a $60 million bank in Shreveport, La. Additionally, First United has signed a letter of intent to purchase Citizens National Bancshares Inc., a $263 million bank holding company headquartered in Hope, Ark. Citizens National Bancshares owns Citizens National Bank of Hope, Ark. and Texarkana, Ark., as well as Peoples Bank and Loan Company in Lewisville, Ark. The stock is listed on 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 "UNTD." CONTACT: First United Bancshares, El Dorado John E. Burns, 870/863-3181 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion