DCB Financial Corp Declares Shareholder Dividend
Delaware County Bank & Trust holding company's 22nd consecutive quarterly
dividend increased 12.5 percent from the previous quarter
DELAWARE, Ohio, July 25 /PRNewswire-FirstCall/ -- DCB Financial Corp (OTC Bulletin Board: DCBF) President Larry Coburn announced today that the company's Board of Directors, at its July 2002 meeting, declared a dividend of $.09 per common share to shareholders of record as of July 26, 2002, payable August 15, 2002. DCB Financial Corp is the holding company of the Delaware County Bank & Trust Company (The Bank). This announcement marks the company's 22nd consecutive quarterly dividend declaration. "Our consistent growth is due, in large measure, to our loyal customer base and continued strong market share in Delaware County, one of the fastest growing areas in Ohio," said Coburn. "As a community bank, we continue to focus as always on providing the highly personalized services our local customers expect and deserve, while continuing to earn a fair return for our shareholders." As of June 30, 2002, the consolidated assets of DCB Financial Corp had increased $11 million, growing to $528 million compared to $517.1 million at June 30, 2001. The Bank's loan portfolio grew approximately $32 million to $367.7 million for the same period. Net income through the first six months of 2002 were approximately $2.7 million. The Bank, headquartered in Lewis Center, Ohio, operates 16 full-service branches in Delaware, Union and Franklin counties. The Bank provides customary retail and commercial banking services to its customers, including checking and savings accounts, time deposits, IRAs, safe deposit facilities, personal loans, commercial loans, online banking and trust services. The Bank also provides cash management and other corporate banking services to its business customers. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X28181524
SOURCE DCB Financial Corp
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