CVAL Chester Valley Bancorp (MM)

Stock Dividend and Quarterly Cash Dividend Announced by Chester Valley Bancorp Inc. DOWNINGTOWN, Pa., Aug. 26 /PRNewswire-FirstCall/ -- Chester Valley Bancorp Inc. (NASDAQ:CVAL) announced the declaration of a 5% stock dividend in addition to its regular quarterly cash dividend of $.105 per share to be paid on September 30, 2004 to shareholders of record as of September 17, 2004. The cash dividend is based on earnings of $1.6 million or $0.32 per diluted share for the three months ended June 30, 2004 and will be paid on shares held before the issuance of the stock dividend. At June 30, 2004, the Company had assets of $642.1 million and a capital base of $52.3 million. Chester Valley Bancorp Inc. is the parent company of both First Financial Bank and Philadelphia Corporation for Investment Services. First Financial Bank's executive offices are located in Downingtown, Pennsylvania. The Bank has additional Chester County, Pennsylvania branches in Exton, Frazer, Thorndale, Westtown, Airport Village, Brandywine Square, Devon, Kennett Square, Eagle, Coatesville and West Chester. Philadelphia Corporation for Investment Services has offices in Wayne and Philadelphia. Chester Valley Bancorp stock is traded on the NASDAQ market under the symbol "CVAL." DATASOURCE: Chester Valley Bancorp Inc. CONTACT: Joseph T. Crowley, Chief Financial Officer, Chester Valley Bancorp, +1-610-269-9700 Web site: http://www.ffbonline.com/

Copyright