LEAWOOD, Kan., Feb. 19 /PRNewswire/ -- The board of directors of Gold Banc
(Nasdaq: GLDB) declared a cash dividend of 3 cents per common share, it was
announced today. The dividend will be payable on March 20, 1998 to
shareholders of record as of February 20, 1998. Gold Banc currently has
5.4 million shares of common stock outstanding.
The dividend was approved at Gold Banc's regular quarterly board of
directors meeting held February 12, 1998. Although there can be no assurance
of additional payments, the Company's board of directors intends to consider
declaring regular quarterly dividends.
Gold Banc also announced today it has closed its acquisition of First Alma
Bancshares, Inc. of Alma, Kan., in a combination cash and stock-for-stock/tax
free transaction valued at $3.8 million. First National Bank in Alma, a
wholly-owned subsidiary of First Alma Bancshares, had total assets of
$30.1 million, deposits of $26.9 million and loans of $19.3 million at
December 31, 1997.
Gold Banc currently owns and operates the following community banks:
Exchange National Bank, with locations in Leawood, Shawnee and Marysville,
Kan.; Citizens State Bank and Trust Company, located in Seneca, Kan.; Peoples
National Bank, located in Clay Center, Kan.; Farmers National Bank, located in
Oberlin, Kan.; First National Bank in Alma, located in Alma, Kan.; and
Provident Bank, f.s.b., located in St. Joseph, Mo. All these community banks
provide a full range of commercial and consumer banking services in their
respective markets, with each bank retaining its board of directors, local
identity and decision-making authority. Gold Banc also owns Midwest Capital
Management, Inc., a full service broker/dealer and investment management firm
based in Kansas City, Mo.
SOURCE Gold Banc Corporation
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Related links:
http://www.goldbanc.com
CONTACT:
Keith E. Bouchey, Exec. VP & CFO,
keithb@goldbanc.com, or Brian J. Ruisinger, Investor Relations,
brianr@goldbanc.com, 913-451-8050, both of Gold Banc; or Paul
Scheeler, General Information, 312-640-6742, or pas@chi.frbd.com,
Peter Samet, Analysts-Investors, 212-661-8030, or
pls@ny.frbd.com, or Bess Gallanis, Media Inquiries, 312-640-6737,
or bag@chi.frbd.com, all of The Financial Relations Board
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