COLUMBIA, Md., Dec. 21 /PRNewswire/ -- Columbia Bancorp (Nasdaq: CBMD)
announced this day an increase in its quarterly common stock cash dividend
from $.08 to $.09 per share. Specifically, the Board of Directors of the
Company authorized and declared a quarterly cash dividend on common stock of
$.09 per share on December 20, 1999. The dividend will be paid on January 18,
2000 to stockholders of record at the close of business on January 4, 2000.
Columbia Bancorp, headquartered in Columbia, Maryland, is a bank holding
company and parent company of The Columbia Bank, a commercial bank. On
September 28, 1999, Columbia Bancorp announced a definitive agreement
providing for the merger of Suburban Bancshares, Inc. (Nasdaq: SBNK) into
Columbia Bancorp. Following the merger, Columbia Bancorp will operate twenty-
three banking offices in the Baltimore/Washington Corridor with pro forma
combined total assets of approximately $700 million.
SOURCE Columbia Bancorp
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Related links:
http://www.columbank.com
Company News On-Call:
http://www.prnewswire.com/comp/127921.html or fax,
800-758-5804, ext. 127921
CONTACT:
John A. Scaldara, Jr., CFO and Secretary of
Columbia Bancorp, 410-465-4800
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