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INDEPENDENCE BANCORP DECLARES QUARTERLY DIVIDEND

 PERKASIE, Pa., July 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 Aug. 10 to shareholders of record on July 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- 7/21/93
 /CONTACT: Gary A. Kimball, corporate communications of Independence Bancorp, 215-453-3094/
 (INBC)


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

LJ-SF -- PH008 -- 3763 07/21/93 08:44 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:131
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