St. Louis, MO, January 21, 2016 --(PR.com
)-- Business Bancshares, Inc., parent holding company for The Business Bank of St. Louis, announced today that on January 19, 2016 its Board of Directors declared a cash dividend of $0.30 per common share, payable March 31, 2016 to holders of record as of March 4, 2016. The $0.30 per common share cash dividend represents a 20% increase over the 2015 dividend.
"We are excited to announce that our increased earnings and strong financial condition have allowed us to substantially increase our cash dividend to common shareholders," said Larry Kirby, President and CEO of Business Bancshares, Inc. "The dividend increase illustrates confidence in our future and our commitment to provide a meaningful return to shareholders."
Business Bancshares, Inc. is a single bank holding company and parent of The Business Bank of St. Louis. The Business Bank was founded in 2002 and operates a full service banking facility from its single location at 8000 Maryland Avenue in Clayton, Missouri.
Contact: Brian J. Leeker, Chief Financial Officer, email@example.com - (314) 556-6788.