Printer Friendly

DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS

 DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS
 SALEM, Ore., May 22 /PRNewswire/ -- The board of directors of Commercial Bancorp (NASDAQ: CBOR) announced a quarterly cash dividend for shareholders of $0.125 per share as a result of continued strong earnings, Bancorp President R.B. Tibbatts announced today.
 The cash dividend will be paid on July 25 to shareholders of record on June 29 with an X-date of June 23.
 "The board of directors is pleased at the continued strong performance of the company," Tibbatts said, "and wishes to share these good results with our shareholders."
 The board of directors of Commercial Bancorp also declared a 5 percent stock dividend on its common stock payable on Aug. 13 to stockholders of record as of June 30 with an X-date of Aug. 14.
 Commercial Bancorp previously announced record 1991 earnings of $2,304,000, an 18 percent increase over the prior year, equivalent to a 1.10 percent return on average assets. First quarter, 1992 earnings were a record $673,000, 18 percent of the first quarter of 1991 and representing a 1.18 percent return on average assets.
 Commercial Bancorp is the parent company of Commercial Bank headquartered in Salem with 12 branches throughout the mid-Willamette Valley, and Valley Commercial Bank, headquartered in Forest Grove, with additional branches in North Plains and Vernonia.
 -0- 5/22/92
 /CONTACT: R.B. Tibbatts of Commercial Bancorp, 503-399-2946/
 (CBOR) CO: Commercial Bancorp ST: Oregon IN: FIN SU: DIV


LM-SF -- SE002 -- 3275 05/22/92 11:40 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 22, 1992
Words:252
Previous Article:McDONALD'S ANNOUNCES DIVIDEND INCREASE AT ANNUAL MEETING
Next Article:MEDTRONIC COMPLETES ACQUISITION OF CARDIORHYTHM, EXPANDING ITS TACHYARRHYTHMIA BUSINESS
Topics:


Related Articles
DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS
DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS
DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS
DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS
DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS
REDWOOD EMPIRE BANCORP RAISES QUARTERLY CASH DIVIDEND, DECLARES 3 PERCENT STOCK DIVIDEND AND DIVIDEND ON PREFERRED
DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS
CU BANCORP REINSTATES DIVIDEND
FIRST NATIONAL BANCORP DECLARES THIRD QUARTER DIVIDEND
FIRST NATIONAL BANCORP DECLARES FOURTH QUARTER DIVIDEND

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