Summit Bancshares Declares Cash Dividend
27 July 2006 - 2:49AM
PR Newswire (US)
FORT WORTH, Texas, July 26 /PRNewswire-FirstCall/ -- Summit
Bancshares, Inc. (NASDAQ:SBIT), today announced that its Board of
Directors declared a quarterly dividend of $.08 per share of common
stock. Annualized, this represents a dividend payout of $.32 per
share. The dividend will be paid on August 15, 2006 to shareholders
of record on August 7, 2006. Summit Bancshares is a community
oriented bank holding company with one banking subsidiary -- Summit
Bank, N.A. -- and assets of $1.2 billion. The bank is engaged in
full-service commercial and consumer banking in Tarrant County with
twelve offices. Summit Bancshares is publicly-traded on the Nasdaq
National Market System and listed under the symbol "SBIT". For more
information on Summit Bancshares, please visit the Company's
website at http://www.summitbank.net/ . Certain statements
contained in this press release that are not historical in nature,
including statements regarding the Company's and/or management's
intentions, strategies, beliefs, expectations, representations,
plans, projections, or predictions of the future, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and are intended to be
covered by the safe harbor provisions for forward-looking
statements contained in such Act. We are including this statement
for purposes of invoking these safe harbor provisions.
Forward-looking statements are based on assumptions involving
certain known and unknown risks and uncertainties, many of which
are beyond the Company's control, and the other important factors
that could cause actual results, performance or achievements to
differ materially from the expectations expressed or implied by
such forward-looking statements. These risks and uncertainties are
listed from time to time in the Company's filings with the
Securities and Exchange Commission, including but not limited to,
those set forth under the heading "Risk Factors" in the Company's
Annual Report on Form 10-K for the year ended December 31, 2005.
http://www.newscom.com/cgi-bin/prnh/20041025/DASBANKLOGO
http://photoarchive.ap.org/ DATASOURCE: Summit Bancshares, Inc.
CONTACT: Bob G. Scott of Summit Bancshares, Inc., +1-817-877-2660
Web site: http://www.summitbank.net/
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