BERNARDSVILLE, N.J., Aug. 6 /PRNewswire-FirstCall/ -- Somerset Hills Bancorp (NASDAQ:SOMH) declared a cash dividend of $.04 per share payable August 31, 2007 to shareholders of record as of August 17, 2007.
Steward E. McClure, Jr., President and Chief Executive Officer said, "We are very pleased to inform you that Somerset Hills Bancorp's Board of Directors declared a quarterly $.04 cash dividend, payable August 31, 2007 to shareholders of record as of August 17, 2007. This follows our second quarter earnings release announcing our continued growth in size and profitability.
We continue to appreciate your support and investment in our company and look forward to a bright future for community banking and Somerset Hills Bancorp in New Jersey. We welcome and thank you for your continued referral of friends and neighbors to our personal relationship based brand of banking."
Somerset Hills Bancorp is a bank holding company which owns all of the common stock of Somerset Hills Bank, a full service commercial bank with offices in Bernardsville, Long Valley, Madison, Mendham, Morristown, and Summit, New Jersey. It has announced plans to open an additional office in Stirling, New Jersey. Somerset Hills Bank focuses its lending activities on small to medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. The Bank operates a licensed mortgage company subsidiary, Sullivan Financial Services, Inc. and also operates Somerset Hills Wealth Management Services, LLC, a wholly owned subsidiary licensed to provide financial services, including financial planning, insurance (life, health, property and casualty), mutual funds and annuities for individuals and commercial accounts, and Somerset Hills Title Group, LLC, which, with its partner, Property title Group, provides title services in connection with the closing of real estate transactions. The common stock of the Company is traded on NASDAQ under the symbol SOMH. You can visit our website at www.somersethillsbank.com.
Source: Somerset Hills Bancorp
