Printer Friendly

INTEGRA ANNOUNCES DIVIDEND AND COMMON STOCK REPURCHASE PROGRAM

 PITTSBURGH, July 28 /PRNewswire/ -- At its meeting on July 28, the board of directors of Integra Financial Corporation (NYSE: ITG) declared a regular quarterly dividend of $.35 per share of common stock.
 The dividend is payable on Sept. 1, 1993, to shareholders of record as of Aug. 15, 1993.
 Integra also announced today that its board of directors has authorized the repurchase of up to 1,000,000 shares of the company's outstanding common stock. The board of directors believes that it is desirable to have additional common stock available for issuance pursuant to employee benefit and other stock plans, possible future financing and acquisition transactions, stock dividends or distributions, and other general corporate purposes.
 Integra stated that repurchases of its common stock may occur from time to time, as deemed appropriate by the company, in open market transactions, through privately negotiated transactions, or in other permissible transactions. It is expected that the company repurchases will be funded by cash generated from operations and cash on hand.
 Integra, with assets of $13.9 billion, is the third largest bank holding company in western Pennsylvania and the fourth largest in Pennsylvania. Integra operates Integra Bank/South, Integra Bank/Pittsburgh and Integra Bank/North, with more than 250 offices throughout 22 counties in western Pennsylvania. Other major affiliates in addition to Integra Trust Company are Integra Investment Company and Integra Mortgage Company.
 /delval/
 -0- 7/28/93
 /CONTACT: William S. Eiler, public relations manager of Integra, 412-644-8073, or home at 412-921-7620/
 (ITG)


CO: Integra Financial Corporation ST: Pennsylvania IN: FIN SU: DIV

DM-KC -- PG003 -- 6787 07/28/93 13:58 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 28, 1993
Words:269
Previous Article:PRIMERICA DECLARES 4-FOR-3 STOCK SPLIT; RAISES QUARTERLY COMMON DIVIDEND 4 PERCENT TO 16-2/3 CENTS PER SHARE PRE-SPLIT
Next Article:WESTINGHOUSE DECLARES DIVIDEND
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters