Trinity Bank Declares Fourth Cash Dividend
September 25 2013 - 4:08PM
Marketwired
Trinity Bank, N.A. (OTCBB: TYBT) announced that on September 24,
2013, the Board of Directors declared a cash dividend of $.28 per
share. The dividend will be payable on October 31, 2013 to
shareholders of record as of the close of business on October 15,
2013.
"The Board of Directors of Trinity Bank, N.A. is pleased to
announce the bank's fourth cash dividend. The dividend of $.28 per
share payable in October represents a 12% increase over the $.25
per share dividend that was paid in April, 2013."
"Since instituting dividends in 2012, Trinity has returned
$2,168,525 to shareholders in the form of cash dividends. Even
though the tax rate on dividends has increased dramatically since
2012, management and the Board continue to feel that it is
necessary to provide some tangible return to shareholders."
"Trinity Bank remains extremely well-capitalized. This dividend
will not limit the bank's ability to grow internally, expand
geographically, or consider acquisitions. The Board will review the
dividend policy again next spring when the operating results for
the second half of 2013 are available."
Trinity Bank, N.A. is a commercial bank that began operations
May 28, 2003. For a full financial statement, visit Trinity Bank's
website: www.trinitybk.com click on "About Us" and then click on
"Investor Information". Financial information in regulatory
reporting format is also available at www.fdic.gov.
This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 regarding future financial conditions, results
of operations and the Bank's business operations. Such
forward-looking statements involve risks, uncertainties and
assumptions, including, but not limited to, monetary policy and
general economic conditions in Texas and the greater Dallas-Fort
Worth metropolitan area, the risks of changes in interest rates on
the level and composition of deposits, loan demand and the values
of loan collateral, securities and interest rate protection
agreements, the actions of competitors and customers, the success
of the Bank in implementing its strategic plan, the failure of the
assumptions underlying the reserves for loan losses and the
estimations of values of collateral and various financial assets
and liabilities, that the costs of technological changes are more
difficult or expensive than anticipated, the effects of regulatory
restrictions imposed on banks generally, any changes in fiscal,
monetary or regulatory policies and other uncertainties as
discussed in the Bank's Registration Statement on Form SB-1 filed
with the Office of the Comptroller of the Currency. Should one or
more of these risks or uncertainties materialize, or should these
underlying assumptions prove incorrect, actual outcomes may vary
materially from outcomes expected or anticipated by the Bank. A
forward-looking statement may include a statement of the
assumptions or bases underlying the forward-looking statement. The
Bank believes it has chosen these assumptions or bases in good
faith and that they are reasonable. However, the Bank cautions you
that assumptions or bases almost always vary from actual results,
and the differences between assumptions or bases and actual results
can be material. The Bank undertakes no obligation to publicly
update or otherwise revise any forward-looking statements, whether
as a result of new information, future events or otherwise, unless
the securities laws require the Bank to do so.
For information contact: Richard Burt 817-763-9966
Trinity Bank NA (PK) (USOTC:TYBT)
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