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2000 Fourth Quarter Dividend Declared
PRESS RELEASE
| FROM: |
Robert H. Gaughen, Jr., President |
| DATE: | November 21, 2000 |
| CONTACT: | William M. Donovan, Jr., Vice President (781) 749-2200 |
Special Dividend & Quarterly Dividend Declared
HINGHAM INSTITUTION FOR SAVINGS (Nasdaq - HIFS), Hingham, Massachusetts, announced that its Board of Directors declared a quarterly ca sh dividend of $0.14 per share. The dividend will be paid on January 10, 2001.
In addition to regular quarterly dividend, Hingham's Board of Directors announced that it will pay a special dividend of $0.14 per share. This special dividend will also be paid on January 22, 2001 to stockholders or record as of January 10, 2001.
Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, stated "A special dividend was appropiate given the strength of our capital position and the continued growth of our core earnings".
Hingham Institution for Savings is a Massachusetts-chartered savings bank located in Hingham, Massachusetts. Incorporated in 1834, it is the oldest financial institution headquartered in Hingham and one of the oldest in Massachusetts. The Bank's main offices are located on Main Street, Hingham, Massachusetts 02043, phone (781) 749-2200. The Bank also maintains branch offices in South Hingham and the neighboring towns of Hull, Cohasset, Scituate, and South Weymouth.
The Bank's shares of common stock are listed and traded on The Nasdaq Stock Market under the symbol HIFS.
