IBT Bancorp, Inc. Second Quarter Dividend Declared April 15, 2008
17 April 2008 - 2:51AM
PR Newswire (US)
IRWIN, Pa., April 16 /PRNewswire-FirstCall/ -- The Board of
Directors of IBT Bancorp, Inc. (AMEX:IRW) declared a cash dividend
of $.25 per share on April 15, 2008. The dividend will be paid on
May 7, 2008, to stockholders of record on April 25, 2008. This
dividend represents an annual yield of 3.40% based upon a stock
price of $29.44 at the close of business on April 14, 2008. The
Company also announced that it is suspending the Dividend
Reinvestment/Cash Purchase Plan pending completion of the
previously announced merger with S&T Bancorp. A dividend check,
for this quarterly dividend, will be sent to each participant in
the Dividend Reinvestment plan. IBT Bancorp, Inc. is a Pennsylvania
corporation headquartered in Irwin, Pennsylvania, which provides a
full range of commercial and retail banking services through its
wholly owned subsidiary, Irwin. The bank operates through its main
office, six branch offices, a loan center, and a trust office, as
well as through three supermarket branches located in the
Pennsylvania counties of Westmoreland and Allegheny. The Bank's
website is http://www.myirwinbank.com/. Statements contained in
this news release, which are not historical facts, are
forward-looking statements as the term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from those currently
anticipated due to a number of factors, which include, but are not
limited to, factors discussed in documents filed by the Company
with the Securities and Exchange Commission from time to time.
DATASOURCE: IBT Bancorp, Inc. CONTACT: Sheli L. Fyock, Assistant
Vice-President/Marketing of IBT Bancorp, Inc., +1-724-978-2705 Web
site: http://www.myirwinbank.com/
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