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INDEPENDENCE BANCORP DECLARES QUARTERLY DIVIDEND

 INDEPENDENCE BANCORP DECLARES QUARTERLY DIVIDEND
 PERKASIE, Pa., July 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 Aug. 10 to shareholders of record on July 31. 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 $2.7 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- 7/22/92
 /CONTACT: Gary A. Kimball of Independence Bancorp, 215-453-3094/
 (INBC) CO: Independence Bancorp ST: Pennsylvania IN: FIN SU: DIV


LJ -- PH008 -- 1722 07/22/92 09:25 EDT
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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.

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Publication:PR Newswire
Date:Jul 22, 1992
Words:134
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