MENTOR, OH, DECEMBER 28, 2012 – At their December 18, 2012 meeting, the Board of Directors of Lake National Bank in Mentor, declared a cash dividend of $0.10 per share for the Bank’s Common Stock.
Shareholders of Record as of December 18, 2012 are eligible for the special dividend payment that will occur on December 31, 2012, in the form of cash, based on the outstanding stock balance.
“With the uncertainty of the “fiscal cliff”, our Board of Directors believe that paying this dividend in 2012 is a timely use of the company’s capital resources and will substantially benefit our shareholders,” said President Andrew L. Meinhold.
If you have any questions concerning the dividend payment, please contact Andrew L. Meinhold, President, at (440) 205-8100.
About Lake National Bank
Lake National Bank was founded in 2005 and is Lake County’s only locally owned and operated bank. Lake National Bank offers a full line of retail and commercial banking services, including online banking and bill pay. In addition, customers can utilize the bank’s telephone banking system and enjoy 24-hour access to its free Money Pass ATM system. For more information on Lake National Bank, please call 440-205-8100 or visit www.lakenationalbank.com.
This notice contains forward-looking statements that are subject to risks and uncertainties including, but not limited to, the effects of economic market conditions on demand for Lake National Bank’s products, legislative or regulatory developments concerning the national banking system, competitive forces and other risks. The forward-looking statements speak as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and Lake National Bank undertakes no obligation to update any such statements.