Greater Community Bancorp (GFLS) Announces $0.145 Cash Dividend and 2.5% Stock Dividend
19 Juin 2007 - 11:41PM
Business Wire
At its regular meeting held on June 19, 2007, the Board of
Directors of Greater Community Bancorp (Nasdaq: GFLS) (the
�Company�) declared a quarterly cash dividend of $0.145 per share
on the Company�s common stock, payable July 31, 2007 to
shareholders of record on July 13, 2007. The quarterly cash
dividend reflects an increase of $0.005 per share compared with the
dividend declared in the first quarter of 2007. The Board also
declared a 2.5% common stock dividend, payable September 28, 2007
to shareholders of record on September 14, 2007. About the Company
Greater Community Bancorp is a financial holding company
headquartered in Totowa, New Jersey. The Company operates fifteen
full-service branches in the northern New Jersey counties of
Passaic, Bergen, and Morris through its state-chartered commercial
bank subsidiary, Greater Community Bank. Greater Community Bank
provides traditional commercial and retail banking services to
small businesses and consumers, and operates an equipment leasing
and financing subsidiary, Highland Capital Corp. Greater Community
Financial, a division of Greater Community Bank, provides a wide
range of investment products and services exclusively through
Raymond James Financial Services, Inc., member NASD/SIPC.
(Securities are not FDIC insured or bank-guaranteed, and are
subject to risk and may lose value). The Company offers traditional
insurance products through its Greater Community Insurance
Services, LLC subsidiary, and also offers title insurance and
settlement services through its Greater Community Title, LLC
subsidiary and personal income tax return preparation services
through its Greater Community Tax Services, LLC subsidiary.
Insurance policies and tax services are not insured by the FDIC or
any federal government agency, may lose value, and are not a
deposit of or guaranteed by Greater Community Bank or any bank
affiliate. For additional information about Greater Community
Bancorp and its subsidiaries visit www.greatercommunity.com or call
973-942-1111. Forward-Looking Statements This release contains
forward-looking statements relating to present or future trends or
factors affecting the banking industry, and specifically the
financial condition and results of operations, including without
limitation, statements relating to the earnings outlook of the
Company, as well as its operations, markets and products. Actual
results could differ materially from those indicated. Among the
important factors that could cause results to differ materially are
interest rate changes, change in economic climate, which could
materially impact credit quality trends and the ability to generate
loans, changes in the mix of the Company's business, competitive
pressures, changes in accounting, tax or regulatory practices or
requirements, resolution of tax reviews, and those risk factors
detailed in the Company's periodic reports and registration
statements filed with the Securities and Exchange Commission. The
Company undertakes no obligation to release revisions to these
forward-looking statements or reflect events or circumstances after
the date of this release.
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