Printer Friendly

GREAT LAKES BANCORP TO PAY FIRST-QUARTER STOCK DIVIDENDS

 ANN ARBOR, Mich., March 17 /PRNewswire/ -- Great Lakes Bancorp announced that it will pay common stock dividends to holders of both its common and preferred stocks.
 Holders of Great Lakes' common stock (NASDAQ-NMS: GLBC) will receive one share of common stock for every 50 shares owned.
 Holders of Great Lakes' preferred stock (NASDAQ-NMS: GLBCP) will receive one share of Great Lakes' common stock for every 55 shares of preferred stock owned.
 Both dividends will be paid April 15 to recordholders as of April 1, 1993. Cash will be paid in lieu of fractional shares.
 With $2.8 billion in assets and $1.7 billion in deposits, Great Lakes Bancorp is Michigan's second-largest savings bank. Great Lakes has branches concentrated in three primary markets in Michigan's Lower Peninsula: the regions surrounding Ann Arbor, Battle Creek and Saginaw. In addition, a division of Great Lakes, Dollar Federal Savings Bank, has a significant presence in Hamilton, Ohio. Great Lakes also operates Great Lakes Mortgage Co., a mortgage banking subsidiary.
 -0- 3/17/93 R
 /CONTACT: James S. Patterson, Vice President, Corporate Communications, Great Lakes Bancorp, 313-769-8300, Ext. 4116/
 (GLBC)


CO: Great Lakes Bancorp ST: Michigan IN: FIN SU: DIV

DH -- DE030R -- 7412 03/18/93 10:50 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 18, 1993
Words:205
Previous Article:LEADING FINANCIAL SERVICES FIRM SELECTS SPRINT
Next Article:CYPRUS COPPER NAMES J. A. STURGESS VICE PRESIDENT, ENVIRONMENTAL AFFAIRS
Topics:


Related Articles
GREAT LAKES BANCORP TO PAY 4TH-QUARTER STOCK DIVIDENDS
GREAT LAKES BANCORP TO PAY FIRST-QUARTER STOCK DIVIDENDS
GREAT LAKES BANCORP TO PAY 3RD-QUARTER STOCK DIVIDENDS
GREAT LAKES BANCORP TO PAY FIRST-QUARTER STOCK DIVIDENDS
WEST COAST BANCORP DECLARES TEN PERCENT STOCK DIVIDEND AND 8 CENTS PER SHARE QUARTERLY CASH DIVIDEND
GREAT LAKES BANCORP EXPECTS TO REINSTATE CASH DIVIDEND ON ITS PREFERRED STOCK
GREAT LAKES BANCORP ADJUSTS WARRANT EXERCISE TERMS
GREAT LAKES BANCORP TO PAY CASH DIVIDEND ON PREFERRED, STOCK DIVIDEND ON COMMON FOR FOURTH QUARTER
First West Virginia Bancorp, Inc. Announces Cash Dividend.
GLB Bancorp, Inc., Announces Earnings; GLB Bancorp, Inc. reports 2003 first quarter earnings up 8.3%.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters