First Resource Bank Announces 5% Stock Dividend

Rhea-AI Summary

The First Resource Bank (OTCQX: FRSB) has announced a 5% common stock dividend for shareholders of record on May 6, 2021, payable on May 20, 2021. This marks the eighth such dividend in the bank's history, emphasizing its commitment to enhancing shareholder value. CEO Glenn B. Marshall expressed gratitude for the ongoing support from shareholders. First Resource Bank, based in Pennsylvania, offers a range of personalized financial services to businesses and individuals in the Delaware Valley.

Positive

• Declaring a 5% stock dividend reflects strong shareholder returns.
• This is the eighth 5% stock dividend in the bank's history.

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• None.

EXTON, Pa., April 22, 2021 /PRNewswire/ -- The First Resource Bank (OTCQX: FRSB) Board of Directors has declared a five percent (5%) common stock dividend to shareholders of record on May 6, 2021. This stock dividend is payable on May 20, 2021.

Chief Executive Officer, Glenn B. Marshall stated, "This is the eighth 5% stock dividend in the Bank's history. We appreciate the continued support of our shareholders and we remain focused on increasing shareholder value."

About First Resource Bank

About First Resource Bank First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals and individuals in the Delaware Valley. The Bank offers a full range of deposit and credit services with a high level of personalized service. First Resource Bank also offers a broad range of traditional financial services and products, competitively priced and delivered in a responsive manner to small businesses, professionals and residents in the local market. For additional information visit our website at www.firstresourcebank.com. Member FDIC.

This press release contains statements that are not of historical facts and may pertain to future operating results or events or management's expectations regarding those results or events.  These are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934.  These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts.  When used in this press release, the words "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", or words of similar meaning, or future or conditional verbs, such as "will", "would", "should", "could", or "may" are generally intended to identify forward-looking statements.  These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are either beyond our control or not reasonably capable of predicting at this time.  In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the results discussed in these forward-looking statements.  Readers of this press release are accordingly cautioned not to place undue reliance on forward-looking statements.  First Resource Bank disclaims any intent or obligation to update publicly any of the forward-looking statements herein, whether in response to new information, future events or otherwise.          

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SOURCE First Resource Bank

FAQ

When is the stock dividend for FRSB declared?

The stock dividend for FRSB is declared for shareholders of record on May 6, 2021.

What is the payment date for the FRSB dividend?

The payment date for the FRSB dividend is May 20, 2021.

How many times has FRSB declared a 5% stock dividend?

FRSB has declared a 5% stock dividend eight times in its history.

What is the stock symbol for First Resource Bank?

The stock symbol for First Resource Bank is FRSB.