Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
Tri-State 1st Banc Reports Second Quarter Dividend
EAST LIVERPOOL, Ohio -- The board of directors of Tri-State 1st BancInc., parent company of 1st National Community Bank and GateminderCorp., has declared a cash dividend payable to its shareholders in theamount of 9 cents per share. The dividend is payable June 30 toshareholders of record June 10. This will be the second cash dividend paid in the year 2004 andrepresents a 2 cents or 28.6% increase from the cash dividend paymentsmade during the prior year period, according to Kevin Auglemyer, vicepresident and chief financial officer. "The increase in the dividendpayment reflects the strong capital position of the company and thecontinued overall growth of the organization," he said.1st National Community Bank operates seven banking offices; five inColumbiana County, Ohio, one in New Cumberland, W. Va., and one inMidland, Pa. The bank maintains 10 automatic teller machine (ATM)locations, six at its banking offices and four off-site locations.The company's non-bank subsidiary, Gateminder Corp., is engaged inproviding ATM sales and repair service, and oversight of ATM operationsfor merchants and financial institutions. The Office of the Comptroller of the Currency chartered the 1stNational Community Bank on June 1, 1987 as a national bankingassociation. The bank employs 63 full-time, Anglemyer said."