UPPER SANDUSKY, Ohio, August 19, 2014 /PRNewswire/ -- On August 14, 2014, the Board of Directors of Commercial Bancshares, Inc. declared a third quarter dividend of $0.19 per share payable on September 30, 2014 to shareholders of record as of September 15, 2014. This dividend rate represents an increase of 15.15% from the Company's second quarter dividend. President Bob Beach stated, "We are pleased to be able to provide this additional value for our shareholders."
Commercial Bancshares, Inc. offers direct deposit of dividends. For more information, please contact Registrar and Transfer Company, the Company's transfer agent at (800-368-5948). For more information on the Company's stock, or to make an additional investment, please contact Boenning & Scattergood at (866-326-8113), or your local broker.
Commercial Bancshares, Inc. is headquartered in Upper Sandusky, Ohio with total assets of approximately $327 million and total shareholder's equity of approximately $33 million as of June 30, 2014. The common stock of the Company is not listed on any stock exchange. While there is no established public trading market for the Company's common stock, its shares are currently quoted in the inter-dealer quotation (or "over-the-counter") marketplace using the trading symbol "CMOH." The Company's stock trades principally on the OTCQB, which is operated by OTC Markets Group, Inc. (formerly OTC Markets, Inc.) Trading on the OTCQB is limited to companies that report financial information with the SEC or a U.S. banking regulator. However, there are no financial or qualitative standards for quotation in this tier.
Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Commercial Bancshares, Inc.