Hilltop Community Bancorp, Inc. Declares Eighth Annual Stock Dividend
SUMMIT, N.J., Nov. 26, 2010 /PRNewswire-FirstCall/ -- Hilltop Community Bancorp, Inc. (OTCQB: HTBC), the holding company for Hilltop Community Bank (the Bank), announced that its Board of Directors has authorized the payment of a 5% stock dividend. Shareholders of record on December 13, 2010 will receive one share of common stock for each twenty shares they own, payable on December 24, 2010.
In a joint statement, Chairman Richard D. Wellbrock and CEO Mortimer J. O'Shea commented: "Hilltop has performed well during the current year, despite the continuing negative economic news. This stock dividend recognizes that solid performance and serves as a reminder that Hilltop's officers and employees are working hard to expand our base of quality customers. We have seen a number of new commercial loan opportunities in recent weeks and we look forward to finishing this year strong and beginning the New Year vigorously."
Hilltop Community Bank is a state chartered commercial bank which commenced operations on February 7, 2000. The Bank operates as a locally headquartered, community oriented bank engaged in a general commercial banking business. The Bank has offices in Summit, Berkeley Heights and Madison, and administrative offices in New Providence. The service area includes surrounding communities in Union, Essex, Morris and Somerset Counties.
The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's expectations about new and existing programs and products, relationships, opportunities, technology and market conditions. Such forward-looking statements involve certain risks and uncertainties. These include, but are not limited to, the direction of movements in interest rates, the possibility of disruption in credit markets, successful implementation and integration of acquisitions, the effects of economic conditions and the impact of legal and regulatory barriers and structures. Actual results may differ from such forward-looking statements. The Bank assumes no obligation for updating any such forward-looking statements at any time.
SOURCE Hilltop Community Bancorp, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article