Union State Bank's Parent Company, U.S.B. Holding Co., Inc., Increases Quarterly Cash Dividend by 7.1 Percent to Fifteen Cents P
22 November 2006 - 10:25PM
PR Newswire (US)
ORANGEBURG, N.Y., Nov. 22 /PRNewswire-FirstCall/ -- Thomas E.
Hales, Chairman of the Board and Chief Executive Officer of U.S.B.
Holding Co., Inc. and subsidiaries (the "Company") (NYSE:UBH),
parent company of Union State Bank, is pleased to announce that on
November 21, 2006, the Board of Directors of the Company declared a
quarterly common stock cash dividend of fifteen ($0.15) cents per
share, an increase of 7.1 percent over the cash dividend of
fourteen ($0.14) cents per share declared during the third quarter
of 2006. The dividend will be paid on January 15, 2007 to
stockholders of record on December 29, 2006. Mr. Hales commented
that, "The increase in the common stock cash dividend is evidence
of the Company's continued commitment to maximizing its return to
investors and strong capital position." 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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