Article: American State Bank sets dividend, elects officers.(Banking Notes)(Brief Article)

American State Bank Corp. of Jonesboro, the parent company of American State Bank, declared a dividend of 50 cents a share payable May 31 to stockholders of record on April 15.

Frank Oldham, who also serves as chairman, president and CEO, said 2004 was the most profitable year for American State Bank. Net operating income was up 41 percent and assets increased by 24 percent. At the end of 2004, American State Bank's total assets were more than $333 million with deposits of $285 million.

At American State Bank Corp.'s recent annual meeting, corporation board members elected were Oldham, chairman; Dr. Robert Landry, Southern Eye Associates Ltd., vice ...

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