INBI Declares Regular Quarterly Dividend.Business Editors BELLEVUE, Ohio--(BUSINESS WIRE)--April 5, 2001 Industrial Bancorp, Inc. (Nasdaq:INBI INBI Centre for Integrated Research in Biosafety (New Zealand) INBI Iesous o Nazoraios o Basileus ton Ioudaion (Greek: Jesus of Nazareth, King of the Jews) ) today declared a quarterly cash dividend of $0.19 per share, to be paid May 2, 2001 to all shareholders of record as of April 18, 2001. David M. Windau, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , explained, "Based upon our preliminary review of the company's performance during the first quarter of 2001, we anticipate a growth in assets of approximately 33 million dollars, or a 8% increase from the previous year. Assets now exceed 429 million dollars for the first time in the company's history. It also appears that the first quarter of 2001 will show an increase in earnings from the first quarter of last year. This favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. outlook has prompted our decision to declare the amount of the regular quarterly dividend." Industrial Bancorp, Inc. is the holding company for Industrial Savings and Loan Association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. headquartered in Bellevue, Ohio Bellevue is a city in Erie, Huron, Seneca and Sandusky counties in the U.S. state of Ohio. The population was 8,193 at the 2000 census. It is part of the Sandusky, Ohio metropolitan statistical area. , serving seven counties in North Central Ohio. |
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