Summit Bancshares, Inc. Announces 4th Quarter Cash Dividend

Rhea-AI Summary

Summit Bancshares declares quarterly cash dividend of $0.10 per share

Positive

• Summit Bancshares declares a quarterly cash dividend of $0.10 per share, which could positively impact stock price

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• None.

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares Inc., at a meeting held on October 18, 2023, declared a quarterly cash dividend of $0.10 per share, payable on December 15, 2023, to holders of record as of the close of business on November 24, 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/20231020891694/en/

Shirley W. Nelson

(510) 839-8800

Source: Summit Bancshares, Inc.

FAQ

What is the dividend amount declared by Summit Bancshares?

Summit Bancshares declared a quarterly cash dividend of $0.10 per share.

When will the dividend be payable?

The dividend will be payable on December 15, 2023.

Who is the parent company of Summit Bank?

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

What is the contact information for Summit Bancshares?

You can contact Summit Bancshares, Inc. at (510) 839-8800.