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INDEPENDENCE BANCORP DECLARES QUARTERLY DIVIDEND

 INDEPENDENCE BANCORP DECLARES QUARTERLY DIVIDEND
 PERKASIE, Pa., Oct. 21 /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 Nov. 10 to shareholders of record on Oct. 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 $2.7 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- 10/21/92
 /CONTACT: Gary A. Kimball of Independence Bancorp, 215-453-3094/
 (INBC) CO: Independence Bancorp ST: Pennsylvania IN: FIN SU: DIV


MP -- PH007 -- 2727 10/21/92 09:30 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 21, 1992
Words:134
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