Summit Bancshares, Inc. Announces 1st Quarter Cash Dividend

Rhea-AI Summary

Summit Bancshares, Inc. has announced a 1st Quarter Cash Dividend of $0.11 per share payable on June 14, 2024, to holders of record as of May 24, 2024. The parent company of Summit Bank, Summit Bancshares, Inc. (OTC Bulletin Board: SMAL), made this declaration at a meeting on April 17, 2024.

Positive

• The announcement of a quarterly cash dividend of $0.11 per share reflects the company's commitment to rewarding shareholders.
• The payment date of June 14, 2024, and record date of May 24, 2024, provide clarity for investors.
• Summit Bancshares, Inc. continues to prioritize shareholder value through regular dividend payments.

Negative

• None.

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares Inc., at a meeting held on April 17, 2024, declared a quarterly cash dividend of $0.11 per share, payable on June 14, 2024, to holders of record as of the close of business on May 24, 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/20240426659211/en/

Shirley W. Nelson

(510) 839-8800

Source: Summit Bancshares Inc.

FAQ

When is the quarterly cash dividend payable and to whom?

The quarterly cash dividend of $0.11 per share is payable on June 14, 2024, to holders of record as of the close of business on May 24, 2024.

What is the stock symbol of Summit Bancshares, Inc.?

Summit Bancshares, Inc. is listed under the stock symbol 'SMAL' on the OTC Bulletin Board.

When was the quarterly cash dividend announced?

The quarterly cash dividend was announced at a meeting held on April 17, 2024.

Who is the parent company of Summit Bank?

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