Printer Friendly

HARLEYSVILLE NATIONAL SPLITS 2-FOR-1; DECLARES REGULAR AND SPECIAL CASH DIVIDEND

 HARLEYSVILLE, Pa., Nov. 9 /PRNewswire/ -- The board of directors of Harleysville National Corporation (NASDAQ-NMS: HNBC) declared a quarterly cash dividend of $.26 per share on the 2,592,333 shares of outstanding common stock.
 The dividend is payable Dec. 31, 1993, to shareholders of record as of Dec. 16. This dividend is an 8.3 percent increase over the same period last year.
 In addition to the regular dividend, the board of directors approved a special cash dividend of $.01 per share to shareholders of record Dec. 16, 1993, payable Dec. 31.
 A 2-for-1 stock split in the form of a 100 percent stock dividend was also declared. Each shareholder who owns stock on Dec. 17, 1993, the record date, will receive two shares of common stock for each share of common stock outstanding held. The stock dividend will be payable Dec. 31.
 Walter E. Daller Jr., president and CEO, Harleysville National Corporation, said, "Our strong performance this year has enabled us to continue our long tradition of regular cash dividends. After three quarters of record earnings in 1993 (relative to the same periods in previous years), our board of directors felt that a special cash dividend was also appropriate as a way of further rewarding our shareholders."
 Harleysville National Corporation is a bank holding company with total assets in excess of $680 million. Harleysville National's wholly owned subsidiaries are Harleysville National Bank and Trust Company which operates 15 branch offices in Montgomery and Bucks counties and The Citizens National Bank of Lansford which operates two branch offices in Carbon County, Pa. Harleysville National Corporation stock is traded Over-the-Counter on the NASDAQ National Market System under the symbol HNBC.
 /delval/
 -0- 11/9/93
 /CONTACT: Walter E. Daller Jr., president and CEO of Harleysville National, 215-256-8851, ext. 201/
 (HNBC)


CO: Harleysville National Corporation ST: Pennsylvania IN: FIN SU: DIV

MJ-MK -- PH043 -- 2395 11/09/93 15:56 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:Nov 9, 1993
Words:318
Previous Article:QUAD SYSTEMS REPORTS FISCAL 1993 RESULTS
Next Article:SYM-TEK SYSTEMS INC. REPORTS SECOND QUARTER PROFIT
Topics:

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