Summit Bancshares, Inc. Announces 1st Quarter Cash Dividend

Rhea-AI Summary

Summit Bancshares Inc. declared a quarterly cash dividend of $0.11 per share, an increase of $0.01 from 2023, payable on March 15, 2024. The company's ticker symbol is SMAL. Summit Bancshares, Inc. is the parent company of Summit Bank.

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares Inc., at a meeting held on January 17, 2024, declared a quarterly cash dividend of $0.11 per share, an increase of $0.01 from 2023 quarterly dividends, payable on March 15, 2024, to holders of record as of the close of business on February 23, 2024.

Summit Bancshares, Inc. (OTC Bulletin Board: SMAL) is the parent company of Summit Bank.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240123653709/en/

Shirley W. Nelson

(510) 839-8800

Source: Summit Bancshares, Inc.

FAQ

What is the quarterly cash dividend declared by Summit Bancshares Inc.?

Summit Bancshares Inc. declared a quarterly cash dividend of $0.11 per share.

When is the dividend payable and to whom?

The dividend is payable on March 15, 2024, to holders of record as of the close of business on February 23, 2024.

What is the ticker symbol for Summit Bancshares Inc.?

The ticker symbol for Summit Bancshares Inc. is SMAL.

What is the relationship between Summit Bancshares Inc. and Summit Bank?

Summit Bancshares, Inc. is the parent company of Summit Bank.