Abington Bancorp, Inc. Announces Increase in Quarterly Dividend
24 Novembre 2010 - 10:30PM
Marketwired
Abington Bancorp, Inc. (the "Company") (NASDAQ: ABBC) announced
today that its Board of Directors at their meeting on November 23,
2010, declared a quarterly cash dividend of $0.06 per share on the
common stock of the Company payable on December 21, 2010 to the
shareholders of record at the close of business on December 7,
2010. The dividend represents an increase of 20% from the previous
quarter's dividend of $0.05 per share.
Abington Bancorp, Inc. is the holding company for Abington Bank.
Abington Bank is a Pennsylvania-chartered, FDIC-insured savings
bank which was originally organized in 1867. Abington Bank conducts
business from its headquarters and main office in Jenkintown,
Pennsylvania as well as twelve additional full service branch
offices and seven limited service banking offices located in
Montgomery, Bucks and Delaware Counties, Pennsylvania. As of
September 30, 2010, Abington Bancorp had $1.26 billion in total
assets, $902.4 million in deposits and $212.9 million in
stockholders' equity.
Statements contained in this news release which are not
historical facts may be forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors.
Factors which could result in material variations include, but are
not limited to, changes in interest rates which could affect net
interest margins and net interest income, competitive factors which
could affect net interest income and non-interest income, changes
in demand for loans, deposits and other financial services in the
Company's market area; changes in asset quality, general economic
conditions as well as other factors discussed in documents filed by
the Company with the Securities and Exchange Commission from time
to time. Investors are encouraged to access the Company's periodic
reports filed with the Securities and Exchange Commission for
financial and business information regarding the Company at
www.abingtonbank.com under the Investor Relations menu. The Company
undertakes no obligation to update these forward-looking statements
to reflect events or circumstances that occur after the date on
which such statements were made.
Contact: Robert W. White Chairman, President and CEO or Jack
Sandoski Senior Vice President and CFO (215) 886-8280
Abington Bancorp, Inc. (MM) (NASDAQ:ABBC)
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