Article: The Greater New York Savings Bank announces quarterly dividend of 12 cents.

THE GREATER NEW YORK SAVINGS BANK ANNOUNCES

QUARTERLY DIVIDEND OF 12 CENTS

NEW YORK, July 9 /PRNewswire/ -- The Greater New York Savings Bank (NASDAQ: GRTR) announced today that its board of directors voted a dividend of 12 cents per common share. It is the eleventh consecutive quarterly dividend since the bank converted from mutual to stock ownership on June 24, 1987. The dividend is payable on Sept. 1, 1990 to stockholders of record at the close of business on Aug. 11, 1990.

Charles J. Ohlig, chairman and chief executive officer of The Greater, stated: "The consistency of our dividends despite the continued uncertainty of the ...

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