Business Services Industry
Allied Irish Banks to Split Stock.
Knight Ridder/Tribune Business News, April, 1999 by Sulon, Bill
Knight Ridder/Tribune Business News
May 1 -- Allied Irish Banks, parent company of Dauphin Deposit Bank and The York Bank, has announced a 3-for-1 stock split.
The split, to take effect May 14, "will provide additional liquidity and make it easier for many people to buy the stock," said Frank Bramble, chairman and chief executive officer of Allied Irish's U.S. operations.
Allied Irish stock closed Friday at $96 a share, down $1.62[1/2].
First Maryland Bancorp, the Baltimore-based holding company for Allied Irish, reported net income of $42.4 million for the first quarter that ended March 31, compared with $34.9 million in the fourth quarter of 1998 and $95.7 million in the first quarter last year.
A profit of $37.4 million...
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