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INDEPENDENCE BANCORP DECLARES QUARTERLY DIVIDEND

 PERKASIE, Pa., April 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 May 10 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- 4/21/93
 /CONTACT: Gary A. Kimball of Independence Bancorp, 215-453-3094/
 (INBC)


CO: Independence Bancorp ST: Pennsylvania IN: FIN SU: DIV

LJ-RW -- PH007 -- 8513 04/21/93 09:02 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
Words:129
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