Piedmont Bancorp, Inc. Declares Quarterly Dividend.Business Editors HILLSBOROUGH, N.C.--(BUSINESS WIRE)--March 9, 2000 The board of directors of Piedmont Bancorp, Inc., the parent holding company for Hillsborough Savings Bank, Inc. has declared a quarterly cash dividend of 12 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. payable March 30, 2000 to stockholders of record March 20, 2000. On December 28, 1999, National Commerce Bancorporation and Piedmont Bancorp, Inc. announced an agreement whereby NCBC NCBC Naval Construction Battalion Center (US Navy) NCBC North Carolina Biotechnology Center (Research Triangle Park, NC) NCBC National Concrete Bridge Council (Skokie, IL) will acquire Piedmont Bancorp, Inc., the holding company of Hillsborough Savings Bank, Inc., SSB SSB Statistisk Sentralbyrå (Statistics Norway) SSB Super Smash Bros (video game) SSB Space Studies Board SSB Single Side Band SSB Single Stranded DNA-Binding Protein SSB Salomon Smith Barney , through an exchange of stock. The transaction, expected to close on March 31, 2000, is subject to shareholder and regulatory approval. Once the transaction is completed, NCBC will operate the Hillsborough Savings Bank locations as branches of NBC Bank, FSB, its North Carolina banking subsidiary. Piedmont Bancorp, Inc., through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Hillsborough Savings Bank, Inc., provides a complete line of banking and investment services to individuals and businesses through its three branches located in Hillsborough, Durham and Chapel Hill. Piedmont Bancorp, Inc. is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol "PDB". |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion