Printer Friendly

GREAT LAKES BANCORP TO PAY 2ND-QUARTER STOCK DIVIDENDS

 ANN ARBOR, Mich., June 23 /PRNewswire/ -- Great Lakes Bancorp announced that it will pay common stock dividends to holders of both its common and preferred stock.
 Holders of Great Lakes' common stock (NASDAQ-NMS: GLBC) will receive one share of common stock for every 50 shares owned.
 Holders of Great Lakes' preferred stock (NASDAQ-NMS: GLBCP) will receive one share of Great Lakes' common stock for every 60 shares of preferred stock owned.
 Both dividends will be paid July 15 to recordholders as of July 1, 1993. Cash will be paid in lieu of fractional shares.
 With $2.7 billion in assets and $1.7 billion in deposits, Great Lakes Bancorp is Michigan's second largest savings bank. Great Lakes has branches concentrated in three primary markets in Michigan's Lower Peninsula: the regions surrounding Ann Arbor, Battle Creek, and Saginaw. In addition, a division of Great Lakes, Dollar Federal Savings Bank, has a significant presence in Hamilton, Ohio. Great Lakes also operates Great Lakes Mortgage Co., a mortgage banking subsidiary.
 -0- 6/23/93
 /CONTACT: James S. Patterson, vice president, Corporate Communications, Great Lakes Bancorp., 313-769-8300, Ext. 4116/
 (GLBC)


CO: Great Lakes Bancorp ST: Michigan IN: FIN SU: DIV

JG -- DE028 -- 5187 06/23/93 17:16 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 23, 1993
Words:205
Previous Article:USAIR ADOPTS SYSTEMWIDE FARE REDUCTIONS
Next Article:COORS EXTRA GOLD NOW AVAILABLE IN IRELAND
Topics:


Related Articles
FIRST NATIONAL BANCORP DECLARES STOCK SPLIT AND FOURTH QUARTER DIVIDEND Stock Split Declaration
PROVIDENT BANCORP, INC. ANNOUNCES INCREASED CASH DIVIDEND FOR SECOND CONSECUTIVE QUARTER
GREAT LAKES BANCORP TO PAY FIRST-QUARTER STOCK DIVIDENDS
LAKE SHORE BANCORP., INC. VOTES QUARTERLY DIVIDEND
CF BANCORP INCREASES CASH DIVIDEND 33%
FFLC BANCORP, INC. ANNOUNCES STOCK REPURCHASE PROGRAM, RELEASES 4TH QUARTER EARNINGS AND ANNOUNCES DIVIDEND
FFLC BANCORP, INC. RELEASES 1ST QUARTER EARNINGS AND ANNOUNCES DIVIDEND INCREASE
CHESTER VALLEY BANCORP INC. DECLARES STOCK DIVIDEND AND ANNOUNCES INCREASE IN QUARTERLY CASH DIVIDEND
Community Investors Bancorp, Inc. Announces Dividend
First West Virginia Bancorp, Inc. Announces Increase in Cash Dividend

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters