Summit Bancshares, Inc. Announces 3rd Quarter Cash Dividend

Rhea-AI Summary

The Board of Directors of Summit Bancshares Inc. (OTC-PINK: SMAL) declared a quarterly cash dividend of $0.10 per share. This dividend will be payable on September 15, 2022, to shareholders on record as of August 25, 2022. The announcement highlights the company's commitment to returning value to its shareholders amid its continued operations as the parent company of Summit Bank.

Positive

• Declared a quarterly cash dividend of $0.10 per share, enhancing shareholder income.

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• None.

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares Inc., at a meeting held on July 20, 2022, declared a quarterly cash dividend of $0.10 per share, payable on September 15, 2022, to holders of record as of the close of business on August 25, 2022.

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/20220811005763/en/

Shirley W. Nelson

(510) 839-8800

Source: Summit Bancshares Inc.

FAQ

When is the dividend payment date for SMAL?

The dividend payment date for SMAL is September 15, 2022.

What is the dividend amount declared by Summit Bancshares Inc.?

The dividend amount declared is $0.10 per share.

What is the record date for the dividend payment of SMAL?

The record date for the dividend payment is August 25, 2022.