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00/00/00 FI Name Reports Net Income Up 35% Over Prior Year 2nd Quarter
Net income is reported as an increase of 25 percent to $500,000, or $0.25 per share for the fourth quarter ended December 31, 2000, as compared to net income of $400,000, or $0.20 per share for the previous year.
For the six-months ended December 31, 2000, net income was $1,000,000, or $0.50 per share, an increase of 35 percent over the same period the prior year.
Based upon the Bank’s strong financial performance, FI Name Board of Directors declared a cash dividend of $0.05 per share, an increase over the previous quarter’s cash dividend of $0.04 per share. The $0.05 per share cash dividend is payable June 30th to stockholders of record on January 1st.
00/00/00: FI Name Appoints Vice Chairman
The Board of Directors appointed Executive Name to Vice Chairman in recognition of his contribution and expanding responsibilities since being named Director.