Summit Bancshares Inc. announces cash dividend

Business Wire, May 6, 1996

OAKLAND, Calif.--(BUSINESS WIRE)--May 6, 1996--The Board of Directors of Summit Bancshares Inc. at a meeting held on April 25, 1996, declared a cash dividend of $0.75 per share on the outstanding common stock of the company payable on June 7, 1996, to shareholders of record as of the close of business on May 13, 1996.

This dividend resulted from the continued high performance and profitability of Summit Bank, its wholly owned subsidiary.

Summit Bank has branches in Oakland, Emeryville and Walnut Creek, serving the professional and small business communities of the East Bay.

CONTACT: Summit Bancshares Inc.

Shirley W. Nelson, 510/839-8800