SOURCE: Smithtown Bancorp

August 30, 2005 14:57 ET

Smithtown Bancorp Declares Cash Dividend and Announces Stock Repurchase Program

HAUPPAUGE, NY -- (MARKET WIRE) -- August 30, 2005 -- The board of directors of Smithtown Bancorp (NASDAQ: SMTB) has declared a cash dividend of $.06 per share payable to all common shareholders of record as of the close of business on September 16, 2005. The dividend will be paid on October 3, 2005.

The Board also approved a stock repurchase program under which the company can repurchase up to 100,000 shares of its outstanding common stock. The shares will be used for general corporate purposes, including the issuance of stock to participate in the company's restricted stock plan and the employee stock purchase plan.

Smithtown Bancorp is the parent company of Bank of Smithtown. The company's shares trade on NASDAQ under the symbol "SMTB."

Contact Information

  • Contact:
    Ms. Judith Barber
    Corporate Secretary

    Corporate Headquarters
    100 Motor Parkway, Suite 160
    Hauppauge, NY 11788-5138
    Direct Dial: 631-360-9304
    Direct Fax: 631-360-9380