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Tri-State 1st Bank Pays Dime Dividend
EAST LIVERPOOL, Ohio -- The board of directors of Tri-State 1st Bank Inc. will pay a third-quarter cash dividend of 10 cents Sept. 30 to shareholders of record Sept. 10. This will be the third cash dividend paid in 2004 and represents a one cent or 11.1% increase from the nine cents per share paid in the first two quarters, and a three cents or 42.9% increase from the seven cents payment for the third quarter of 2003, said Kevin Anglemyer, chief financial officer. The increase in the dividend payment reflects the strong capital position of the company and continued overall growth of the organization, he added.The stock of Tri-State 1st Bank, parent of 1st National Community Bank and Gateminder Corp., is traded on the Nasdaq exchange under the symbol of TSEO.1st National Community Bank operates seven banking offices, five in Columbiana County. On Sept. 14 the bank, which employs 63, will officially open a remodeled operations facility that adjoins its main office at 16924 St. Clair Ave. The Office of the Comptroller of the Currency chartered the 1st National Community Bank on June 1, 1987 as a national banking association. There are presently 63 full-time employees of the Bank. Charles B. Lang serves as Chairman and CEO, Keith R. Clutter as COO and of the Bank."