TowneBank Announces Cash Dividend on Preferred Stock
(PressMethod) - Hampton Roads-based TowneBank (Nasdaq:TOWN - News) announced today that its Board of Directors on December 16, 2009 declared a cash dividend of $12.50 per share on its Series B Fixed-Rate Non-Cumulative Perpetual Preferred Stock. This preferred dividend is payable on February 16, 2010, to the shareholder of record as of February 1, 2010. This is the fifth quarterly dividend payment to the U.S. Department of the Treasury, the shareholder of record, on the preferred stock issued to it by TowneBank under the Capital Purchase Program of the government's Troubled Asset Relief Program (TARP). CONTACT INFORMATION Email Us http:// ### Disclaimer: If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PressMethod. We will be unable to assist you with your inquiry. PressMethod disclaims any content contained in these release. |