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Tri-State 1st Banc Declares 5¢ Dividends
EAST LIVERPOOL, Ohio -- Directors of Tri-State 1st Banc Inc., parent of 1st National Community Bank, have declared a fourth-quarter dividend of 5 cents per share and a special dividend of 5 cents per share on common stock and preferred Series A stock.
The dividends will be paid Dec. 17 to shareholders of record Nov. 26. Both dividends are the same amount as paid in as the fourth-quarter 2011 and an increase of 3 cents per share from the fourth quarter of 2010. Shareholders have received a dividend each year since 1990, directors say.
There are 985,983 shares of common stock and 10,445 Series A Preferred stock of Tri-State 1st Banc outstanding, according to Stephen R. Sant, president and CEO. For 2012, the company will have paid cash dividends of $492,707 to its shareholders, many of whom reside in Tri-State’s market area.
Tri-State 1st Banc Inc. is the parent of three additional companies: MDH Investment Management Co., Gateminder Corp. and Cooper Insurance Agency. Founding president Charles B. Lang serves as company chairman; Stephen Beadnell is chief financial officer of the company.
Published by The Business Journal, Youngstown, Ohio.