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Summit Bancshares, Inc. Announces a Special Dividend

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Summit Bancshares Inc. (OTC: SMAL) has announced a one-time special cash dividend of $0.31 per share, commemorating the bank's 42nd year in business. The dividend is payable on October 31, 2024, to shareholders of record as of October 10, 2024. The company highlighted its remarkable track record of 504 consecutive months of profitability, starting from its second month of operation. Summit Bancshares is the parent company of Summit Bank, demonstrating consistent financial success throughout its history.

Summit Bancshares Inc. (OTC: SMAL) ha annunciato un dividendo straordinario in contante una tantum di $0.31 per azione, per commemorare il 42° anno di attività della banca. Il dividendo sarà pagabile il 31 ottobre 2024 agli azionisti registrati al 10 ottobre 2024. L'azienda ha messo in evidenza il suo straordinario percorso di 504 mesi consecutivi di profittabilità, a partire dal suo secondo mese di operazione. Summit Bancshares è la società madre di Summit Bank, dimostrando un successo finanziario costante nel corso della sua storia.

Summit Bancshares Inc. (OTC: SMAL) ha anunciado un dividendo especial en efectivo único de $0.31 por acción, en conmemoración del 42° año de la banca. El dividendo es pagadero el 31 de octubre de 2024, a los accionistas registrados hasta el 10 de octubre de 2024. La compañía destacó su notable trayectoria de 504 meses consecutivos de rentabilidad, comenzando desde su segundo mes de operaciones. Summit Bancshares es la empresa matriz de Summit Bank, demostrando un éxito financiero constante a lo largo de su historia.

Summit Bancshares Inc. (OTC: SMAL)는 은행의 42주년을 기념하여 주당 $0.31의 일회성 특별 현금 배당금을 발표했습니다. 배당금은 2024년 10월 31일에 지급될 예정이며, 2024년 10월 10일 기준의 주주에게 제공됩니다. 회사는 두 번째 운영 월부터 시작하여 504개월 연속 수익성이라는 놀라운 실적을 강조했습니다. Summit Bancshares는 Summit Bank의 모회사로서, 역사 전반에 걸쳐 지속적인 재정적 성공을 보여주고 있습니다.

Summit Bancshares Inc. (OTC: SMAL) a annoncé un dividende spécial en espèces unique de $0.31 par action, en hommage au 42e anniversaire de la banque. Le dividende sera dû le 31 octobre 2024, aux actionnaires inscrits au 10 octobre 2024. La société a souligné son record remarquable de 504 mois consécutifs de rentabilité, à partir de son deuxième mois d'exploitation. Summit Bancshares est la société mère de Summit Bank, démontrant un succès financier constant tout au long de son histoire.

Summit Bancshares Inc. (OTC: SMAL) hat eine einmalige Sonderdividende in bar von $0.31 pro Aktie angekündigt, um das 42-jährige Bestehen der Bank zu feiern. Die Dividende ist zum 31. Oktober 2024 zahlbar für Aktionäre, die am 10. Oktober 2024 eingetragen sind. Das Unternehmen hob seine bemerkenswerte Erfolgsbilanz von 504 aufeinanderfolgenden Monaten Profitabilität hervor, beginnend mit dem zweiten Monat seiner Tätigkeit. Summit Bancshares ist die Muttergesellschaft von Summit Bank und demonstriert in seiner Geschichte konstanten finanziellen Erfolg.

Positive
  • Declaration of a special cash dividend of $0.31 per share
  • 504 consecutive months of profitability
  • Consistent profitability since the second month of operation
Negative
  • None.

OAKLAND, Calif.--(BUSINESS WIRE)-- The Board of Directors of Summit Bancshares Inc., at a meeting held on September 18, 2024, in recognition of the bank’s 42nd year in business, declared a one-time special cash dividend of $0.31 per share, payable on October 31, 2024, to holders of record as of the close of business on October 10, 2024.

We are especially proud of our history of success having achieved monthly profits in our second month of operation and have consistently been profitable for 504 months.

Summit Bancshares, Inc., (OTC Bulletin Board: SMAL is the parent company of Summit Bank).

Shirley W. Nelson

(510) 839-8800

Source: Summit Bancshares, Inc.

FAQ

What is the amount of the special dividend announced by Summit Bancshares (SMAL)?

Summit Bancshares (SMAL) announced a special cash dividend of $0.31 per share.

When will Summit Bancshares (SMAL) pay the special dividend?

The special dividend will be paid on October 31, 2024.

What is the record date for Summit Bancshares' (SMAL) special dividend?

The record date for the special dividend is October 10, 2024.

How many consecutive months of profitability has Summit Bancshares (SMAL) achieved?

Summit Bancshares (SMAL) has achieved 504 consecutive months of profitability.

SUMMIT BANCSHS CALIF

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