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Article: SUMMIT BANCORP DECLARES QUARTERLY DIVIDEND
- Article from:
- PR Newswire
- Article date:
- June 19, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PRINCETON, N.J., June 19 /PRNewswire/ -- Summit Bancorp (NYSE: SUB) declared a quarterly dividend on its common stock of $.32 per common share, payable August 1, 1996 to shareholders of record July 11, 1996.
Summit Bancorp also declared a quarterly dividend of $.75 per share on its Series B adjustable-rate cumulative preferred stock, based on a rate of 6.00 percent per annum, for the period of May 1, 1996 to July 31, 1996. This dividend is also payable August 1, 1996 to shareholders of record July 11, 1996.
New Jersey's largest bank, Summit is also the 31st largest bank holding company in the nation with over $22 billion in assets, $18 billion in deposits and ...