This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Somerset Hills Declares 2nd Quarter Cash Dividend

BERNARDSVILLE, N.J., April 15, 2013 (GLOBE NEWSWIRE) -- Somerset Hills Bancorp (Nasdaq:SOMH), announced today that its Board of Directors had declared a cash dividend of $.08 per share payable May 6, 2013 to holders of record of the Company's common stock on April 26, 2013. Under the terms of the Company's Merger Agreement with Lakeland Bancorp, Inc., the Company is permitted to continue to pay its regular quarterly cash dividend of $.08 per share each quarter until the closing of the transaction.

Somerset Hills Bancorp is the holding company for Somerset Hills Bank, a commercial bank operating through six offices located in Somerset, Morris and Union Counties, in New Jersey. At December 31, 2012, the Company had net loans receivable of $238.8 million, total deposits of $320.2 million and total assets of $368.9 million. For the year ended December 31, 2012, the Company earned net income of $3.4 million, or $.63 per basic and diluted share.

CONTACT: Stewart E. McClure, Jr.
         President & CEO
         908.630.5000
         
         Alfred J. Soles
         Executive VP & CFO
         908.630.5018

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs