Queen­stown Ban­corp shows div­i­dend

The Star Democrat - - REAL ESTATE -

QUEEN­STOWN — Queen­stown Ban­corp of Mary­land Inc. an­nounced that the Board of Di­rec­tors at its July 18, 2018, meet­ing de­clared a div­i­dend of $0.50 per share payable on Au­gust 1, 2018 for share­hold­ers of record as of July 18, 2018.

“We are very pleased to de­clare a div­i­dend of $0.50 per share for our loyal share­hold­ers. In July 2017, the com­pany de­clared a $0.15 div­i­dend for the first half of the year and we are pleased to in­crease that div­i­dend for the first half of 2018. The bank con­tin­ues to per­form well in 2018 and we are happy to be in a po­si­tion to re­ward our share­hold­ers with this div­i­dend,” Kevin B. Cashen, pres­i­dent and CEO, said in a press re­lease.

Queen­stown Bank of Mary­land is the sole sub­sidiary of Queen­stown Ban­corp of Mary­land Inc. Founded in 1899, Queen­stown Bank is a full-ser­vice com­mu­nity bank of­fer­ing a wide ar­ray of per­sonal and com­mer­cial bank­ing loan and de­posit prod­ucts. The bank is ac­tive in both the res­i­den­tial and com­mer­cial mort­gage lend­ing mar­kets and has de­vel­oped a ro­bust on­line bank­ing suite of prod­ucts for both in­di­vid­u­als and busi­nesses. The bank has to­tal as­sets of $479 mil­lion and eight branches lo­cated in Queen­stown, Eas­ton, Grasonville, Ch­ester, Stevensville, Cen­tre­ville, Church Hill and Ridgely. For more in­for­ma­tion, visit www.queen­stown­bank.com or call 410-8278881.

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