Greater Community Bancorp (NASDAQ:GFLS)
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From Jun 2019 to Jun 2024
At its regular meeting on May 20, 2008, the Board of Directors of
Greater Community Bancorp (“Company”)
(Nasdaq: GFLS) declared a quarterly cash dividend of $0.15 per share on
the Company’s common stock, payable June 27,
2008 to shareholders of record on June 13, 2008. The quarterly cash
dividend reflects an increase of $0.005 per share compared with the
dividend declared in the first quarter of 2008. The declaration and
payment of this quarterly cash dividend for the second quarter of 2008
comes approximately one month earlier than the declaration and payment
of quarterly cash dividends for the second quarter in previous years in
order to allow shareholders of the Company to receive a quarterly cash
dividend prior to the closing of the merger of the Company with and into
Valley National Bancorp, which, subject to all closing conditions, is
anticipated to occur on or around July 1, 2008.
Greater Community Bancorp is a financial holding company headquartered
in Totowa, New Jersey. The Company operates sixteen full-service
branches in the northern New Jersey counties of Bergen, Passaic and
Morris through its state-chartered commercial bank subsidiary Greater
Community Bank. Greater Community Bank provides traditional commercial
and retail banking services to businesses and consumers in New Jersey
and, through its subsidiary Highland Capital Corp., provides equipment
leasing and financing. The Company also offers traditional insurance
products through its Greater Community Insurance Services, LLC
subsidiary and offers title insurance and settlement services through
its Greater Community Title LLC subsidiary. In addition, Greater
Community Financial, a division of Greater Community Bank, provides a
wide range of investment products and services exclusively through
Raymond James Financial Services, Inc., member FINRA/SIPC. (Securities
are not FDIC insured or bank guaranteed, and are subject to risk and may
lose value). Insurance policies are not insured by the FDIC or any
federal government agency, may lose value, and are not a deposit of or
guaranteed by Greater Community Bank or any bank affiliate. For
additional information about Greater Community Bancorp and its
subsidiaries visit www.greatercommunity.com
or call 973-942-1111.
Forward-Looking Statements
This release contains forward-looking statements relating to present or
future trends or factors affecting the banking industry, and
specifically the financial condition and results of operations,
including without limitation, statements relating to the earnings
outlook of the Company, as well as its operations, markets and products.
Actual results could differ materially from those indicated. Among the
important factors that could cause results to differ materially are
interest rate changes, change in economic climate, which could
materially impact credit quality trends and the ability to generate
loans, changes in the mix of the Company's business, competitive
pressures, changes in accounting, tax or regulatory practices or
requirements, resolution of tax reviews, and those risk factors detailed
in the Company's periodic reports and registration statements filed with
the Securities and Exchange Commission. The Company undertakes no
obligation to release revisions to these forward-looking statements or
reflect events or circumstances after the date of this release.