Summit Bancshares Declares Cash Dividend
April 21 2004 - 11:25AM
PR Newswire (US)
Summit Bancshares Declares Cash Dividend FORT WORTH, Texas, April
21 /PRNewswire-FirstCall/ -- Summit Bancshares, Inc. , 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 May
14, 2004 to shareholders of record on May 3, 2004. Summit
Bancshares is a community oriented bank holding company with one
banking subsidiary -- Summit Bank, N.A. and assets of $860 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, which 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 made 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 risk factors and uncertainties are listed from
time to time in the Company's filings with the Securities and
Exchange Commission, including but not limited to the annual report
on Form 10-K. http://www.newscom.com/cgi-bin/prnh/20020410/SBITLOGO
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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