Summit Bancshares Declares Cash Dividend
July 20 2005 - 2:17PM
PR Newswire (US)
Summit Bancshares Declares Cash Dividend FORT WORTH, Texas, July 20
/PRNewswire-FirstCall/ -- Summit Bancshares, Inc. (NASDAQ:SBIT),
today announced that its Board of Directors declared a quarterly
dividend of $.07 per share of common stock. Annualized, this
represents a dividend payout of $.28 per share. The dividend will
be paid on August 15, 2005 to shareholders of record on August 1,
2005. Summit Bancshares is a community oriented bank holding
company with one banking subsidiary -- Summit Bank, N.A. -- and
assets of $1.0 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 contain 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 "Factors That May Affect Future Results" in the Company's
Annual Report on Form 10-K for the year ended December 31, 2004.
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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