Unionbancorp (NASDAQ:UBCD)
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UnionBancorp, Inc. Declares Quarterly Dividends
OTTAWA, Ill., June 20 /PRNewswire-FirstCall/ -- Scott A. Yeoman, President and
Chief Executive Officer of UnionBancorp, Inc. (NASDAQ:UBCD), announced today
that the Company's Board of Directors approved the payment of an $0.11
quarterly cash dividend on the Company's common stock. This marks the 81st
consecutive quarter of dividends paid to stockholders. The dividend will be
paid to stockholders of record on July 8, 2005 and will be payable on July 22,
2005.
About the Company
UnionBancorp, Inc. is a regional financial services company based in Ottawa,
Illinois, and devotes special attention to personal service and offers Bank,
Trust, Insurance and Investment services at each of its locations. The
Company's market area extends from the far Western suburbs of the Chicago
metropolitan area across Central and Northern Illinois.
UnionBancorp common stock is listed on The Nasdaq Stock Market under the symbol
"UBCD." Further information about UnionBancorp, Inc. can be found at the
Company's website at http://www.ubcd.com/ .
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995
This release contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934 as amended. The Company intends such forward-looking
statements to be covered by the safe harbor provisions for forward-looking
statements contained in the Private Securities Litigation Reform Act of 1995
and is including this statement for purposes of these safe harbor provisions.
Forward-looking statements, which are based on certain assumptions and describe
future plans, strategies, and expectations of the Company, are generally
identified by the use of words such as "believe," "expect," "intend,"
"anticipate," "estimate," or "project" or similar expressions. The Company's
ability to predict results, or the actual effect of future plans or strategies,
is inherently uncertain. Factors which could have a material adverse effect on
the operations and future prospects of the Company and the subsidiaries
include, but are not limited to, changes in: interest rates; general economic
conditions; legislative/regulatory changes; monetary and fiscal policies of the
U.S. government, including policies of the U.S. Treasury and the Federal
Reserve Board; the quality and composition of the loan or securities
portfolios; demand for loan products; deposit flows; competition; demand for
financial services in the Company's market areas; the Company's implementation
of new technologies; the Company's ability to develop and maintain secure and
reliable electronic systems; and accounting principles, policies, and
guidelines. These risks and uncertainties should be considered in evaluating
forward-looking statements and undue reliance should not be placed on such
statements.
DATASOURCE: UnionBancorp, Inc.
CONTACT: Scott A. Yeoman, President and Chief Executive Officer,
, or Kurt R. Stevenson, Senior Vice President and Chief
Financial Officer, , both of UnionBancorp, Inc.,
+1-815-431-2700
Web site: http://www.ubcd.com/