Chester Valley Bancorp Inc. Declares Quarterly Cash Dividend
February 28 2005 - 3:00PM
PR Newswire (US)
Chester Valley Bancorp Inc. Declares Quarterly Cash Dividend
DOWNINGTOWN, Pa., Feb. 28 /PRNewswire-FirstCall/ -- Chester Valley
Bancorp Inc. (NASDAQ:CVAL) announced the declaration of a $.105
quarterly cash dividend. The dividend will be paid on March 31,
2005 to shareholders of record as of the close of business on March
14, 2005. The cash dividend is based on earnings of $1.6 million or
$.30 per diluted share for the quarter ended December 31, 2004. At
December 31, 2004, the Company had assets of $669.1 million and
stockholders' equity of $55.0 million. It is the Company's
continued intention that any future cash dividends will be paid on
or around the last day of a calendar quarter. Chester Valley
Bancorp Inc. is the parent company of both First Financial Bank and
Philadelphia Corporation for Investment Services. First Financial
Bank's executive offices are located in Downingtown, Pennsylvania
with additional branch locations in Exton, Frazer, Thorndale,
Westtown, Airport Village, Brandywine Square, Devon, Kennett
Square, Eagle, Coatesville, Avondale and West Chester. Philadelphia
Corporation has offices in Wayne and Philadelphia. Chester Valley
Bancorp stock is traded on the NASDAQ market under the symbol
"CVAL". DATASOURCE: Chester Valley Bancorp Inc. CONTACT: Joseph T.
Crowley, Chief Financial Officer of Chester Valley Bancorp,
+1-610-269-9700 Web site: http://www.ffbonline.com/
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