Bank Quotations | Page 2
Bank Quotes from:
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Added Quotes
We are pleased with the Bank's results for the first half of 2005 as we had positive contributions from many areas. Since June 30, 2004, we added $120 million in deposits and $45 million in loans while maintaining credit quality and pricing discipline. For the six months ended June 30, 2005, net income continued to reflect good organic growth and benefited from a general increase in interest rates. In the first quarter of 2005, the bank raised its per-share dividend 5.89% from $17 per-share to $18 per share. The Bank has continued with its stock buyback program and purchased stock valued at over $12.2 million during the six month period ended June 30, 2005.
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Acting Quotes
We believe that everyone executing the leasing and financing documents thought they were acting under the authority to execute those documents. We are conducting our own inquiries into whether those parties had the proper authority to take those actions. It is apparent that Mr. Smith did not act unilaterally, but was acting in concert with officials in the county. We are working to resolve this matter right away with all parties, including National City Bank and Butler County.