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INDEPENDENCE BANCORP DECLARES QUARTERLY DIVIDEND

 INDEPENDENCE BANCORP DECLARES QUARTERLY DIVIDEND
 PERKASIE, Pa., April 22 /PRNewswire/ -- The board of directors of


Independence Bancorp (NASDAQ: INBC) yesterday declared a quarterly cash dividend of 29 cents per share.
 The dividend is payable on May 8 to shareholders of record on April 30. The dividend, unchanged from the previous quarter, pays an annual rate of $1.16. Independence has approximately 11 million shares outstanding.
 Independence Bancorp is a $2.6 billion bank holding company for four community banks in eastern Pennsylvania: Bucks County Bank and Trust Company, Cheltenham Bank, Lehigh Valley Bank, and Third National Bank and Trust Company of Scranton.
 /delval/
 -0- 4/22/92
 /CONTACT: Gary A. Kimball of Independence Bancorp, 215-453-3094/
 (INBC) CO: Independence Bancorp ST: Pennsylvania IN: FIN SU: DIV


MK -- PH008 -- 1051 04/22/92 08:38 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
Words:134
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