Summit Bancshares, Inc. Announces 1st Quarter Cash Dividend

Rhea-AI Summary

The Board of Directors of Summit Bancshares (OTC-PINK: SMAL) announced a quarterly cash dividend of $0.10 per share on January 18, 2023. This dividend is payable on March 15, 2023, to shareholders on record as of the close of business on February 22, 2023. This action reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.10 per share declared.
• Dividend payment demonstrates commitment to shareholder value.

Negative

• None.

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares Inc., at a meeting held on January 18, 2023, declared a quarterly cash dividend of $0.10 per share, payable on March 15, 2023, to holders of record as of the close of business on February 22, 2023.

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/20230207006178/en/

Shirley W. Nelson

(510) 839-8800

Source: Summit Bancshares Inc.

FAQ

What is the dividend amount declared by Summit Bancshares in 2023?

Summit Bancshares declared a dividend of $0.10 per share.

When is the dividend payable for Summit Bancshares?

The dividend is payable on March 15, 2023.

When do I need to be a shareholder to receive the dividend from Summit Bancshares?

You need to be a shareholder by the close of business on February 22, 2023.