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BankAmerica approves 2 for 1 stock split at meeting
BankAmerica Corp unreservedly approves a 2-for-1 stock split raising outstanding common shares from 50 million to 100 million with March 31 effectiveness and a par value cut from 6.25 to 3.125. Chairman Medberry and President Clausen flag 1971 earnings up 7 percent vs 1970 and discuss boycott criticisms, loan losses, and lack of plans for additional authorized stock.
MENTIONED IN THIS ARTICLE
Honos Bank Abericard
San Francisco
BankAmerica Corp
BankAmerica
AN. Clausen
Clausen