SOURCE: Bank of Granite Corporation

June 18, 2008 10:41 ET

Bank of Granite Corporation Declares Dividend

GRANITE FALLS, NC--(Marketwire - June 18, 2008) - Directors of Bank of Granite Corporation (NASDAQ: GRAN) declared a quarterly cash dividend of 13¢ per share payable on July 31, 2008 to stockholders of record on July 17, 2008.

Scott Anderson, Chief Executive Officer said, "Our Board of Directors is pleased to continue our Company's dividend tradition of returning a portion of our earned capital to our stockholders for an additional quarter."

The dividend will be payable on approximately 15,451,000 shares of common stock outstanding to an estimated 5,700 stockholders. The common stock trades on The NASDAQ Global Select Market(SM) under the symbol "GRAN." Bank of Granite Corporation is the parent company of Bank of Granite and Granite Mortgage. Bank of Granite operates 22 full-service banking offices in eight North Carolina counties -- Burke, Caldwell, Catawba, Forsyth, Iredell, Mecklenburg, Watauga, and Wilkes -- and a loan production office in Guilford County. Granite Mortgage, a mortgage banking company headquartered in Winston-Salem, originates home mortgages in Fayetteville, Greensboro/High Point, and Salisbury, North Carolina, in addition to Bank of Granite's markets.

For further information, please contact Kirby Tyndall, Chief Financial Officer at Voice (828) 496-2026, Fax (828) 496-2010 or Internet: ktyndall@bankofgranite.com.

Contact Information

  • For further information, please contact:
    Kirby Tyndall
    Chief Financial Officer
    Voice (828) 496-2026
    Fax (828) 496-2010
    Internet: Email Contact