KEYSTONE FINANCIAL INCREASES CASH DIVIDEND
KEYSTONE FINANCIAL INCREASES CASH DIVIDEND HARRISBURG, Pa., Nov. 21 /PRNewswire/ -- The board of directors of
Keystone Financial, Inc. (NASDAQ: KSTN), the ninth largest bank holding company in Pennsylvania, today declared an increased quarterly cash dividend of 27 cents per share, payable Jan. 20, 1992, to shareholders of record on Jan. 12, 1992. This is an 8 percent increase over the 25 cents per share paid quarterly in 1991.
The cash dividend has been raised annually since Keystone was formed in 1984. During 1990, the dividend was increased twice, once in conjunction with a five-for-four stock split. "Strong asset quality, an excellent capital base and economic stability in the markets we serve have contributed to our record performance during 1991 and our optimism for the future," Carl L. Campbell, president and chief executive officer, said. "Regular increases in Keystone's dividend are in keeping with the board of directors' dedication to enhancing shareholder value," he said. Keystone Financial has three member banks -- Pennsylvania National Bank, Pottsville; Northern Central Bank, Williamsport; and Mid-State Bank, Altoona -- which operate 93 community offices in 20 Pennsylvania counties. -0- 11/21/91 /CONTACT: Robert J. Gentry of Keystone Financial, 717-231-5708/ (KSTN) CO: Keystone Financial, Inc. ST: Pennsylvania IN: FIN SU: DIV GK-OS -- NY076 -- 5945 11/21/91 13:40 EST
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|Date:||Nov 21, 1991|
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