Bank of Wilmington Corrects Payment Date for 25% Stock Dividend
13 Junio 2005 - 2:05PM
PR Newswire (US)
Bank of Wilmington Corrects Payment Date for 25% Stock Dividend
WILMINGTON, N.C., June 13 /PRNewswire-FirstCall/ -- Bank of
Wilmington (NASDAQ:BKWW) announced on June 10, 2005, that its Board
of Directors had approved a five-for-four split in the Bank's
common stock that will be effected in the form of a 25% stock
dividend. The Bank's press release containing that announcement
incorrectly stated that the stock dividend would be payable on July
1, 2005. The correct payment date for the stock dividend is June
30, 2005. The record date for the stock dividend remains June 22,
2005, as indicated in the press release. As a result of the stock
dividend, each holder of shares of the Bank's common stock on the
record date will receive one new share of common stock for each
four whole shares held of record on that date. In lieu of issuing
fractional shares, the Bank will pay cash based on the average of
the closing bid and asked prices of its common stock on The Nasdaq
SmallCap Market on the record date. Bank of Wilmington's common
stock is traded on The Nasdaq SmallCap Market under the symbol
BKWW. Established in 1998, the Bank has three locations: 117
Military Cutoff Road; 3702 South College Road in the Pine Valley
neighborhood; and 14572 US Highway 17 in Hampstead. Operating hours
are Monday - Friday, Lobby: 9 a.m. to 5 p.m. Drive Thru (excluding
the Hampstead location): 8:30 a.m. to 5 p.m. DATASOURCE: Bank of
Wilmington CONTACT: Ashley Harp of Talk PR, Inc., +1-910-395-5051,
or Web site: http://www.bankofwilmington.com/
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