Town & Country Bancorp, Inc. Announces Annual Earnings and Name Change
26 Janeiro 2005 - 12:30PM
PR Newswire (US)
Town & Country Bancorp, Inc. Announces Annual Earnings and Name
Change SPRINGFIELD, Ill., Jan. 26 /PRNewswire-FirstCall/ -- Town
& Country Bancorp, Inc. (OTC:TCBS) (BULLETIN BOARD: TCBS)
announced earnings of $2.351 million for 2004 at its annual
shareholders meeting today. On a per share basis, this represents
$1.24 per share, down from the record earnings in 2003 of $1.45 per
share. Earnings per share have been adjusted for the three for two
stock split that occurred in September 2004. Total assets of the
Company at year end 2004 were $380 million, a 13% increase over the
prior year, deposits were $289 million, an 11% increase, while
loans ended the year at $229 million, up 9%. In addition, the
shareholders approved changing the Company's name to Town and
Country Financial Corporation. At the Board meeting immediately
following the shareholders meeting, the Board of Directors declared
a $0.07 per share quarterly cash dividend payable on March 15, 2005
to stockholders of record March 1, 2005. Along with the impact of
the stock split, this represents a 31% increase in the cash
dividend over the prior year. Shares of common stock of Town and
Country Financial Corporation are quoted on the OTC Bulletin Board
under the symbol TCBS. As of January 2005, the following market
makers are registered to quote stock issued by Town and Country
Financial Corporation on the OTCBB; BrokerageAmerica, LLC.,
Boenning & Scattergood, Inc., Archipelago Trading Services,
Inc., Hill Thompson Madig & Co, Inc., Howe Barnes Investments,
Inc., Monroe Securities, Inc., Knight Equity Markets, L.P., Ryan
Beck & Co., UBS Capital Markets L.P., and Wedbush Morgan
Securities. Town and Country Financial Corporation is the parent
holding company for Town & Country Bank of Springfield, Logan
County Bank of Lincoln, and Town & Country Bank (Buffalo &
Mt. Zion). DATASOURCE: Town & Country Bancorp, Inc. CONTACT:
Michael W. Tuttle, Senior Vice President & Chief Financial
Officer, of Town & Country Bancorp, Inc., +1-217-787-3100, Web
site: http://www.townandcountrybank.com/
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