Liberty Bancorp, Inc. Declares Dividend and Will Fund Purchase of 125,649 Shares.LIBERTY, Mo. -- Liberty Bancorp, Inc. (Nasdaq: LBCP) today announced that the Company has authorized the funding of a trust that will purchase up to 125,649 shares, or 2.64%, of the Company's outstanding common stock. The shares acquired by the trust will be used to fund restricted stock awards under the Company's 2007 Equity Incentive Plan, which was recently approved by shareholders. Share purchases will be made from time to time at the discretion of the independent trustee of the trust through open market purchases. In addition, on February 21, 2007, the Board of Directors declared a quarterly cash dividend on the Company's outstanding common stock. The cash dividend of $.025 per share will be payable on March 26, 2007 to the stockholders of record at the close of business on March 9, 2007. Brent M. Giles, President and Chief Executive Officer, stated that the Board of Directors determined that the payment of a dividend was appropriate in consideration of the Company's capital position. He noted that future dividends would depend upon the Company's financial condition, earnings, equity structure, capital needs and regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. , and economic conditions. Liberty Bancorp, Inc., through its subsidiary BankLiberty, offers banking and related financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to both individual and commercial customers. The Bank is headquartered in Liberty, Missouri For the monument in Kansas City, see . Liberty is a city in Clay County, Missouri and is a suburb of Kansas City, Missouri. At the 2000 census the city population was 26,232. It is the county seat of Clay CountyGR6. with branches in Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Plattsburg, Platte City and Independence. This press release contains statements that are forward-looking, as that term is defined by the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995 or the Securities and Exchange Commission in its rules, regulations, and releases. The Bank and Company intend that such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. be subject to the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. All forward-looking statements are based on current expectations regarding important risk factors including, but not limited to, real estate values and the impact of interest rates on financing. Accordingly, actual results may differ from those expressed in the forward-looking statements, and the making of such statements should not be regarded as a representation by the Bank or Company or any other person that results expressed therein will be achieved. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion