Printer Friendly

VIRGINIA BEACH FEDERAL FINANCIAL CORPORATION HOLDS ANNUAL MEETING AND DECLARES REGULAR QUARTERLY DIVIDEND

 VIRGINIA BEACH, Va., April 29 /PRNewswire/ -- Virginia Beach Federal Financial Corporation (NASDAQ-NMS: VABF) announced that its 1993 Annual Meeting of Stockholders was held yesterday. At the meeting, Betty Anne Huey and John A.B. Davies, Jr., were elected as directors for three-year terms. In addition, stockholders ratified an amendment to the Corporation's Stock Option Plan.
 Andy Davies, President of the Corporation and its Savings Bank subsidiary, also reported in his remarks at the Annual Meeting that the Savings Bank had recently been released from its Memorandum of Understanding that had been entered into with the Office of Thrift Supervision during 1990. "This action by our regulators is further indication of the progress the Savings Bank has made during the last year," noted Davies.
 At their regular monthly meeting which followed the Annual Meeting, the Corporation's Board of Directors declared a regular quarterly dividend of $0.04 per share payable on May 28, 1993, to shareholders of record on May 14, 1993.
 Virginia Beach Federal Financial Corporation is a unitary savings and loan holding company whose sole subsidiary is Virginia Beach Federal Savings Bank. The Savings Bank, headquartered in Virginia Beach, is a 57-year-old institution providing full financial services to customers in the Hampton Roads area of Virginia. Beach Fed Mortgage Corp., a wholly owned subsidiary of the Savings Bank, originates residential mortgage loans through its offices in Virginia Beach, Newport News, Richmond and Fairfax.
 -0- 4/29/93
 /CONTACT: Dennis R. Stewart of Virginia Beach Federal Financial Corporation, 804-428-9331/


CO: Virginia Beach Federal Financial Corporation ST: Virginia IN: FIN SU: PER DIV

TW-KD -- DC015 -- 2664 04/29/93 12:34 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:Apr 29, 1993
Words:271
Previous Article:DAVID WHITE, INC. PROFITABLE DESPITE POOR WEATHER
Next Article:GALVIN AND LEFERE ELECTED VICE PRESIDENTS OF CONSUMERS POWER COMPANY
Topics:


Related Articles
VIRGINIA BEACH FEDERAL FINANCIAL CORPORATION ANNOUNCES QUARTERLY DIVIDEND AND ADOPTION OF EMPLOYEE STOCK OWNERSHIP PLAN
VIRGINIA BEACH FEDERAL ANNOUNCES CONSOLIDATED EARNINGS FOR THE THIRD QUARTER OF 1992 AND REGULAR QUARTERLY DIVIDEND
VIRGINIA BEACH FEDERAL DECLARES REGULAR QUARTERLY DIVIDEND
FIRST VIRGINIA INCREASES DIVIDEND FOR 16TH CONSECUTIVE YEAR!
FIRST VIRGINIA DECLARES DIVIDEND
FIRSTFED MICHIGAN TO PAY 12-CENT DIVIDEND IN DECEMBER
FB&T FINANCIAL CORPORATION DECLARES INCREASE IN QUARTERLY CASH DIVIDEND
COMMUNITY FINANCIAL CORP. DECLARES REGULAR 10 CENT DIVIDEND
FIRST VIRGINIA DECLARES FIRST QUARTER DIVIDEND OF 35 PER SHARE
BankUnited Financial Declares Regular Quarterly Cash Dividends On Three Classes Of Preferred Stock

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters