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Article: First Republic Bancorp, Inc., Parent of First Republic Bank, Reports 20% Stock Dividend
- Article from:
- PR Newswire
- Article date:
- March 6, 1997
CopyrightCOPYRIGHT 1997 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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PHILADELPHIA, March 6 /PRNewswire/ -- First Republic Bancorp, Inc. (Nasdaq: FRBK), parent company of First Republic Bank, today reported that its Board of Directors approved a 20% stock dividend for shareholders of record as of 3/4/97. The dividend will represent an increase in outstanding shares of approximately 569,600 bringing the total outstanding shares after the dividend to approximately 3.4 million shares. The stock price as of the last close of business was $11.06 per share.
Total assets at December 31, 1996, were approximately $274 million with total loans outstanding of $170 million. Total shareholders' equity stood at approximately $18.4 million ...
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