State Bancorp, Inc. Declares Cash Dividend of $0.05
January 26 2011 - 10:23AM
The Board of Directors of State Bancorp, Inc. (Nasdaq:STBC), parent
company of State Bank of Long Island, declared a cash dividend of
$0.05 per share at its January 25, 2011 meeting. The cash dividend
will be paid on March 17, 2011 to stockholders of record as of
February 16, 2011.
State Bancorp, Inc. is the holding company for State Bank of
Long Island. In addition to its seventeen branches located in
Nassau, Suffolk, Queens and Manhattan, the Bank maintains its
corporate headquarters in Jericho. The Bank has built a reputation
for providing high-quality personal service to meet the needs of
our diverse client base which includes commercial real estate
owners and developers, small to middle market businesses,
professional service firms, municipalities and consumers. The Bank
maintains a web site at www.statebankofli.com with corporate,
investor and branch banking information.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "may," "could," "should," "would," "believe,"
"anticipate," "estimate," "expect," "intend," "plan," "project,"
"is confident that," and similar expressions are intended to
identify forward-looking statements. The forward-looking statements
involve risk and uncertainty and a variety of factors that could
cause the Company's actual results and experience to differ
materially from the anticipated results or other expectations
expressed in these forward-looking statements. The Company's
ability to predict results or the actual effect of future plans or
strategies is inherently uncertain. Factors that could have a
material adverse effect on the operations of the Company and its
subsidiaries include, but are not limited to, changes in: market
interest rates, general economic conditions, legislative/regulatory
changes, monetary and fiscal policies of the U.S. Government, the
quality and composition of the loan or investment portfolios,
demand for loan products, demand for financial services in the
Company's primary trade area, litigation, tax and other regulatory
matters, accounting principles and guidelines, other economic,
competitive, governmental, regulatory and technological factors
affecting the Company's operations, pricing and services and those
risks detailed in the Company's periodic reports filed with the
SEC. Investors are encouraged to access the Company's periodic
reports filed with the SEC for financial and business information
regarding the Company at www.statebankofli.com. The Company
undertakes no obligation to publish revised events or circumstances
after the date hereof.
CONTACT: Deborah A. Kendric, Director of Corporate Communications
516-495-5050
dkendric@statebankofli.com
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