Printer Friendly

FRANKLIN BANK DECLARES PREFERRED STOCK DIVIDEND

 FRANKLIN BANK DECLARES PREFERRED STOCK DIVIDEND
 SOUTHFIELD, Mich., Dec. 18 /PRNewswire/ -- Franklin Bank, N.A.'s


(NASDAQ: FSVB) board of directors has declared the first dividend on its Series A Noncumulative Convertible Preferred Shares. A dividend of $0.45 per share (9 percent per annum) covering the period from the date of original issuance will be paid on Jan. 15, 1992, to preferred shareholders of record as of Dec. 31, 1991.
 President and CEO Read P. Dunn noted that the preferred dividend is appropriate due to Franklin's positive earnings' results and adequate capital levels.
 Franklin Bank is the only independently owned bank headquartered in Oakland County with assets between $300 million and $10 billion. Administrative offices and one regional branch are located in Southfield, with two additional regional branches in Birmingham and Grosse Pointe Woods. Total assets at Sept. 30, 1991, were $394 million.
 -0- 12/18/91
 /CONTACT: Rebecca J. Christian of Franklin Bank, N.A., 313-358-1615 or 800-356-8910 (outside Michigan)/
 (FSVB) CO: Franklin Bank, N.A. ST: Michigan IN: FIN SU: DIV


KK -- DE013 -- 3384 12/18/91 11:32 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 18, 1991
Words:183
Previous Article:MALAYSIA AIRLINES PLACES $480 MILLION BOEING ORDER
Next Article:FEDERAL SIGNAL CORP. ANNOUNCES THE ACQUISITION OF SUPERIOR EMERGENCY EQUIPMENT, LTD.
Topics:


Related Articles
FRANKLIN BANK DECLARES PREFERRED STOCK DIVIDEND
FRANKLIN BANK DECLARES THIRD CONSECUTIVE PREFERRED STOCK DIVIDEND
FRANKLIN BANK DECLARES PREFERRED STOCK DIVIDEND
FRANKLIN BANK DECLARES SIXTH CONSECUTIVE PREFERRED STOCK DIVIDEND
FRANKLIN BANK DECLARES SEVENTH PREFERRED STOCK DIVIDEND
FRANKLIN BANK DECLARES TENTH PREFERRED STOCK DIVIDEND
FRANKLIN BANK DECLARES ELEVENTH PREFERRED STOCK DIVIDEND
FRANKLIN BANK DECLARES TWELFTH PREFERRED STOCK DIVIDEND
FRANKLIN BANK DECLARES REGULAR QUARTERLY AND SPECIAL 5% STOCK DIVIDEND ON COMMON STOCK
Franklin Finance Corporation Declares Fourth Preferred Stock Dividend.

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