Summit Bancshares, Inc. Announces 4th 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 on October 19, 2022. This dividend is payable on December 15, 2022, to shareholders on record as of November 23, 2022. The total dividend for 2022 amounts to $0.40 per share.

Positive

• Quarterly cash dividend of $0.10 per share signifies strong shareholder returns.
• Total dividend for 2022 is $0.40 per share, indicating consistent company performance.

Negative

• None.

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares Inc., at a meeting held on October 19, 2022, declared a quarterly cash dividend of $0.10 per share, payable on December 15, 2022, to holders of record as of the close of business on November 23, 2022. The total dividend declared for 2022 will be $0.40/share.

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/20221020006143/en/

Shirley W. Nelson

(510) 839-8800

Source: Summit Bancshares Inc.

FAQ

What is the dividend amount declared by Summit Bancshares (SMAL)?

The dividend amount declared is $0.10 per share.

When will the dividend be paid to shareholders of SMAL?

The dividend will be paid on December 15, 2022.

What is the total dividend for Summit Bancshares in 2022?

The total dividend for 2022 is $0.40 per share.

Who is eligible to receive the dividend from Summit Bancshares (SMAL)?

Shareholders on record as of November 23, 2022, are eligible to receive the dividend.