COLUMBIA, Md., Dec. 19 /PRNewswire-FirstCall/ -- Columbia Bancorp
(Nasdaq: CBMD), parent company of The Columbia Bank, announced this day an
increase in the quarterly dividend.
Recognizing the strength of the Company's financial performance through
the nine months ended September 30, 2003, the Board of Directors authorized an
increase in the Company's quarterly Common Stock cash dividend from $.125 per
share to $.15 per share, representing an increase of 20%. The dividend will
be paid on January 16, 2004 to stockholders of record at the close of business
on January 2, 2004.
Columbia Bancorp, headquartered in Columbia, Maryland, is a bank holding
company and parent company of The Columbia Bank, a commercial bank. The
Columbia Bank currently operates twenty-four banking offices in the
Baltimore/Washington Corridor and provides a full range of financial services
to consumers and businesses. Columbia Bancorp's Common Stock is traded on the
National Market tier of The Nasdaq Stock Market(SM) under the symbol "CBMD".
SOURCE Columbia Bancorp
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Related links:
http://www.columbank.com
Company News On-Call:
http://www.prnewswire.com/comp/127921.html
CONTACT:
John A. Scaldara, Jr., CFO and Secretary,
Columbia Bancorp, +1-410-423-8012
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