Summit Bancshares Declares Cash Dividend
21 October 2004 - 2:10AM
PR Newswire (US)
Summit Bancshares Declares Cash Dividend FORT WORTH, Texas, Oct. 20
/PRNewswire-FirstCall/ -- Summit Bancshares, Inc. (NASDAQ:SBIT),
today announced that its Board of Directors declared a quarterly
dividend of $.14 per share of common stock. Annualized, this
represents a dividend payout of $.56 per share. The dividend will
be paid on November 15, 2004 to shareholders of record on November
1, 2004. Summit Bancshares is a community oriented bank holding
company with one banking subsidiary -- Summit Bank, N.A. and assets
of $990 million. The bank is engaged in full-service commercial and
consumer banking in Tarrant County with seven 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
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 "Factors That May Affect Future Results" in the Company's
Annual Report on Form 10-K for the year ended December 31, 2003.
For Information Contact: Bob G. Scott (817) 877-2660 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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