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Community Bank20% Raise In DividendShareholders of the Community Bank, in Lynbrook and West Hempstead, have voted to declare a 6% stock dividend, which is 20% more than the 5% stock dividend issued during 1968.Herbert Buschman of Mal-veme, Chairman of Community’s Board told the Annual Stockholder’s meeting that the dividend, when approved by the banking authorities will be paid on March 14th or soon thereafter as possible.The nine-year-old independent Community Bank whoseresources climbed above $25 million during the past year, has declared stock dividends since 1962. The Bank posted undivided profits of $243,139.05 for the past year as compared to $210,121.75 during the previous year. The stock dividend will raise the Bank’s amountof shares from 85,503 to 90,633.A look around the room, at the Annual Meeting of the Community Bank, in Lynbrook,revealed why its name “Community” is appropriate.Participating in the meeting was a cross section of local residents including Lynbrook’s Mayor Francis X. Becker.Other local leaders participating, in the meeting and taking pride in the fact that the 9-year-old local bank already has passed the $25 million mark in resources, were: Dr. Hyman B. Hendler, a Lynbrook surgeon; Anthony Gilas, a Lynbrook florist; Eugene Kuhn, President of El-Kay Precision Corp., Lynbrook; Murray Levitt, President of Mur-Lees Men Shop, Lynbrook; Seymour Mischel of Isaacs - Mischel Insurance Agency, Lynbrook; John Breglia of Breglia Funeral Homes, Lynbrook; Peter Kostynick ofKosty-nick Plumbing and Heating Co., Lynbrook; and Harold Reese of Reese Bros. Dodge Motors, Lynbrook.
Newspaper Details
Lynbrook Helm Independent Review
Lynbrook, New York, US
Thu, Feb 06, 1969
Page 2
Full Page
Clipped by
S J.
USA 24 Aug 2023
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