Union State Bank's Parent Company, U.S.B. Holding Co., Inc., Declares a Quarterly Cash Dividend of Fourteen Cents Per Share
25 Agosto 2006 - 12:51AM
PR Newswire (US)
ORANGEBURG, N.Y., Aug. 24 /PRNewswire-FirstCall/ -- Thomas E.
Hales, Chairman of the Board of U.S.B. Holding Co., Inc. and
subsidiaries (the "Company") (NYSE:UBH), the parent company of
Union State Bank, is pleased to announce that on August 23, 2006,
the Board of Directors of the Company declared a quarterly common
stock cash dividend of fourteen cents ($0.14) per share. The
dividend will be paid on October 13, 2006 to stockholders of record
on September 29, 2006. Mr. Hales commented that, "The Company
prides itself on its ability to continually pay a quarterly cash
dividend, which is evidence of the Company's strong capital
position and commitment to maximizing its return to stockholders."
The Company operates through its banking subsidiary, Union State
Bank, a commercial bank with 29 branches, of which 26 are in
Rockland and Westchester Counties, New York, and one branch each in
Stamford, Connecticut, Manhattan, New York City, and Orange County,
New York. The Bank also operates four loan production offices in
Rockland, Westchester, and Orange Counties, New York, and Stamford,
Connecticut. Further information on the Company can be found on the
Bank's website at http://www.unionstate.com/ . DATASOURCE: U.S.B.
Holding Co., Inc. CONTACT: Thomas M. Buonaiuto, Executive Vice
President & Chief Financial Officer of U.S.B. Holding Co.,
Inc., +1-845-365-4615 Web site: http://www.unionstate.com/
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