Chester Valley Bancorp Inc. Announces 5% Increase in Quarterly Cash Dividend
December 01 2003 - 11:25AM
PR Newswire (US)
Chester Valley Bancorp Inc. Announces 5% Increase in Quarterly Cash
Dividend DOWNINGTOWN, Pa., Dec. 1 /PRNewswire-FirstCall/ -- Chester
Valley Bancorp Inc. announced the declaration of a $.105 quarterly
cash dividend, an increase of 5%. The dividend will be paid on
December 15, 2003 to shareholders of record as of the close of
business on December 8, 2003. The cash dividend is based on record
earnings of $1.5 million or $.30 per diluted share for the quarter
ended September 30, 2003. At September 30, 2003, the Company had
assets of $598.3 million and stockholders' equity of $49.9 million.
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 and Eagle. 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, Chester Valley Bancorp, +1-610-269-9700
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