TowneBank, the largest bank based in Hampton Roads, announced Thursday that it will pay a quarterly cash dividend of $2 a share to holders of its Series A 8 percent noncumulative convertible preferred stock.
The dividend will be payable on March 1 to the preferred shareholders of record on Feb. 15.
The Portsmouth-based bank is set to report its fourth-quarter and annual financial results next week.
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Record Profits?
Hey TowneBank-Pay some decent interest to your savings accounts. Point5% thats .5% doesn't add up to much! OH! I forgot Obama won't let you...