Business
DELHI BANK CORP. ANNOUNCES 3-FOR-2 STOCK SPLIT
DELHI BANK CORP. ANNOUNCES 3-FOR-2 STOCK SPLIT.
About this update from Delhi Bank Corp.
[{"type":"text","content":"FOR IMMEDIATE RELEASE DELHI BANK CORP.ANNOUNCES 3-FOR-2 STOCK SPLIT DELHI, N.Y., December 18, 2009 — Delhi Bank Corp. (PINKSHEETS: DWNX.PK) today announced that its Board of Directors, at a regularly scheduled meeting held on December 18, 2009, approved a three-for-two stock split to be effected in the form of a stock dividend. Stockholders of record at the close of business on December 28. 2009 will be issued one additional share of the Company’s common stock for each two shares held. The additional shares will be distributed on or about December 29, 2009. Based upon current shares outstanding, the stock split is expected to increase the number of shares outstanding from approximately 930,000 shares to approximately 1,395,000 shares. Delhi Bank Corp. is a New York Chartered bank holding company headquartered in Delhi, New York. As of September 30, 2009, Delhi Bank Corp. had assets of $189.6 million and Stockholders’ equity of $19.5 million. CONTACT: Delhi Bank Corp. Robert W. Armstrong, President/CEO (607) 746-0730","length":3770,"tagName":"div"}]