Quarterly Dividend Declared
MEMPHIS, Tenn., April 25 /PRNewswire/ --
National Commerce Bancorporation (Nasdaq: NCBC) today announced that it
has changed its name to National Commerce Financial Corporation, after
shareholders approved the change at its annual meeting held today. The new
name is effective immediately; however, all of the company's subsidiaries,
including National Bank of Commerce, Central Carolina Bank and Trust Company
and First Market Bank will maintain their existing names.
Also, at today's regular meeting of the board of directors, the company
declared a quarterly cash dividend of $.13 per share. The dividend is payable
July 2, 2001, to shareholders of record June 8, 2001.
"Approval of the name change indicates shareholder support of management
and the direction that the company is headed," said Ernest C. Roessler,
president and chief executive officer. "While we maintain and expand our core
banking business, our new name represents our diversified portfolio of
businesses that enable us to offer financial products and services outside of
traditional banking."
National Commerce Financial Corporation has $16.6 billion in assets and
nearly 400 locations in nine Southeastern states. Headquartered in Memphis,
Tenn., with its operations headquarters in Durham, N.C., NCBC is a sales and
marketing organization that delivers select financial and consulting services
through a national network of banking affiliates and non-banking affiliates.
SOURCE National Commerce Bancorporation
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Related links:
http://www.ncbccorp.com
CONTACT:
Eileen Sarro, 901-523-3657, or M.J. "Jekka"
Ashman, 901-523-3525, both of National Commerce Bancorporation
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