Article: Quarterly Distribution Announced on BNB Capital Trust

9.5% Cumulative Trust Preferred Securities and Broad National Bancorporation

 
 9.5% Junior Subordinated Debentures 

NEWARK, N.J., Dec. 4 /PRNewswire/ -- BNB Capital Trust (Nasdaq: BNBCP), a Delaware statutory business trust of which Broad National Bancorporation (Nasdaq: BNBC) is the sponsor and owner of all its Common Securities, reported today that in accordance with the terms of its 9.5% Cumulative Trust Preferred Securities (the "Preferred Securities"), the quarterly distribution on each Preferred Security will be payable December 31, 1997 to holders of the Preferred Securities at the close of business on December 15, 1997. ...

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