EXTON, Pa., April 16, 2015 /PRNewswire/ -- First Resource
Bank (OTCQX: FRSB) announced that the Board of Directors has
declared a special cash dividend of four
cents ($0.04) per share to
shareholders of record as of May 8,
2015. The payment date for the dividend will be May 22, 2015.
President & CEO, Glenn B.
Marshall stated, "The Board of Directors consistently
manages the Bank's capital needs to provide support for our steady
balance sheet growth while also providing a return on investment
for our shareholders. This the second special cash dividend in the
Bank's history which coincides with the opening of our second
branch earlier this month in West
Chester. We feel that combining growth with a current return
to our shareholders is a responsible balance to meet all of our
stakeholder's needs."
About First Resource Bank
First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the
banking needs of businesses, professionals and individuals in
Chester County, Pennsylvania. The
Bank offers a full range of deposit and credit services with a high
level of personalized service. First Resource Bank also offers a
broad range of traditional financial services and products,
competitively priced and delivered in a responsive manner to small
businesses, professionals and residents in the local market. For
additional information visit our website at
www.firstresourcebank.com. Member FDIC.
This press release contains statements that are not of
historical facts and may pertain to future operating results or
events or management's expectations regarding those results or
events. These are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities and Exchange Act of 1934. These
forward-looking statements may include, but are not limited to,
statements about our plans, objectives, expectations and intentions
and other statements contained in this press release that are not
historical facts. When used in this press release, the words
"expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates", or words of similar meaning, or future or conditional
verbs, such as "will", "would", "should", "could", or "may" are
generally intended to identify forward-looking statements.
These forward-looking statements are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are either beyond our control or not
reasonably capable of predicting at this time. In addition,
these forward-looking statements are subject to assumptions with
respect to future business strategies and decisions that are
subject to change. Actual results may differ materially from the
results discussed in these forward-looking statements.
Readers of this press release are accordingly cautioned not to
place undue reliance on forward-looking statements. First
Resource Bank disclaims any intent or obligation to update publicly
any of the forward-looking statements herein, whether in response
to new information, future events or
otherwise.
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SOURCE First Resource Bank
