Chester Valley Bancorp Inc. Declares Quarterly Cash Dividend
May 27 2004 - 2:02PM
PR Newswire (US)
Chester Valley Bancorp Inc. Declares Quarterly Cash Dividend
DOWNINGTOWN, Pa., May 27 /PRNewswire-FirstCall/ -- Chester Valley
Bancorp Inc. (NASDAQ:CVAL) announced the declaration of a $.105
quarterly cash dividend. The dividend will be paid on June 30, 2004
to shareholders of record as of the close of business on June 14,
2004. The cash dividend is based on record earnings of $1.6 million
or $.32 per diluted share for the quarter ended March 31, 2004. At
March 31, 2004, the Company had assets of $630.4 million and
stockholders' equity of $53.3 million. It is the Company's
intention that any future cash dividends will be paid on the last
day of a calendar quarter. 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 with
additional branch locations in Exton, Frazer, Thorndale, Westtown,
Airport Village, Brandywine Square, Devon, Kennett Square, Eagle
and Coatesville. Philadelphia Corporation 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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