Marquette National Corporation Declares Special Dividend of $25 per Share
October 24 2007 - 3:12PM
PR Newswire (US)
CHICAGO, Oct. 24 /PRNewswire-FirstCall/ -- (Pink Sheets: MNAT)--
Marquette National Corporation today announced that its Board of
Directors declared a special cash dividend of $25 per share. The
special dividend will be payable on January 11, 2008 to
shareholders of record on December 21, 2007. At the same meeting,
the Board of Directors also declared a regular quarterly dividend
rate of $6.25 per share. As of September 30, 2007, Marquette had
250,822 shares issued and outstanding. Commenting on the special
dividend, Marquette Chairman, Paul M. McCarthy, said, "The lower
tax rates on dividends continue to provide an opportunity for the
Company to return capital to our shareholders in the form of a
special dividend. A special dividend is a simple, fair, transparent
process in which all shareholders participate equally in a cash
distribution." Marquette National Corporation is a diversified bank
holding company with total assets of approximately $1.6 billion.
The Company's banking subsidiary, Marquette Bank, is a
full-service, customer-focused community bank that serves the
financial needs of communities in Chicagoland, offering an
extensive line of financial products including retail banking,
insurance, investments, mortgage, trust and business banking to
consumers and commercial customers. Marquette Bank has 24 offices
located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen
Park, Hickory Hills, Lemont, New Lenox, Oak Forest, Oak Lawn,
Orland Park, Romeoville and Summit, Illinois. For more information
visit: http://www.emarquettebank.com/ Special Note Concerning
Forward-Looking Statements This document contains, and future oral
and written statements of the Company and its management may
contain, forward-looking statements with respect to the financial
condition, results of operations, plans, objectives, future
performance and business of the Company. Forward-looking
statements, which may be based upon beliefs, expectations and
assumptions of the Company's management and on information
currently available to management, are generally identifiable by
the use of words such as "believe," "expect," "anticipate," "plan,"
"intend," "estimate," "may," "will," "would," "could," "should" or
other similar expressions. A number of factors, many of which are
beyond the ability of the Company to control or predict, could
cause actual results to differ materially from those in its
forward-looking statements. These risks and uncertainties should be
considered in evaluating forward-looking statements and undue
reliance should not be placed on such statements. Additionally, all
statements in this document, including forward-looking statements,
speak only as of the date they are made, and the Company undertakes
no obligation to update any statement in light of new information
or future events. DATASOURCE: Marquette National Corporation
CONTACT: Paul Eckroth, EVP & CFO of Marquette National
Corporation, +1-708-364-9011, Web site:
http://www.emarquettebank.com/
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