Stock Dividend and Quarterly Cash Dividend Announced by Chester Valley Bancorp Inc.
27 August 2004 - 12:20AM
PR Newswire (US)
Stock Dividend and Quarterly Cash Dividend Announced by Chester
Valley Bancorp Inc. DOWNINGTOWN, Pa., Aug. 26
/PRNewswire-FirstCall/ -- Chester Valley Bancorp Inc. (NASDAQ:CVAL)
announced the declaration of a 5% stock dividend in addition to its
regular quarterly cash dividend of $.105 per share to be paid on
September 30, 2004 to shareholders of record as of September 17,
2004. The cash dividend is based on earnings of $1.6 million or
$0.32 per diluted share for the three months ended June 30, 2004
and will be paid on shares held before the issuance of the stock
dividend. At June 30, 2004, the Company had assets of $642.1
million and a capital base of $52.3 million. Chester Valley Bancorp
Inc. is the parent company of both First Financial Bank and
Philadelphia Corporation for Investment Services. First Financial
Bank's executive offices are located in Downingtown, Pennsylvania.
The Bank has additional Chester County, Pennsylvania branches in
Exton, Frazer, Thorndale, Westtown, Airport Village, Brandywine
Square, Devon, Kennett Square, Eagle, Coatesville and West Chester.
Philadelphia Corporation for Investment Services has offices in
Wayne and Philadelphia. Chester Valley Bancorp stock is traded on
the NASDAQ market under the symbol "CVAL." DATASOURCE: Chester
Valley Bancorp Inc. CONTACT: Joseph T. Crowley, Chief Financial
Officer, Chester Valley Bancorp, +1-610-269-9700 Web site:
http://www.ffbonline.com/
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