Carroll Bancorp, Inc. Announces a 20% Stock Dividend
Sykesville, MD
03/30/2015 10:22 AM

Carroll Bancorp, Inc. (OTCQB: CROL) (the “Company”), the parent company of Carroll Community Bank announced today that its Board of Directors declared a 20% stock dividend. Each stockholder of record as of 5:00 p.m. Eastern Standard Time on April 10, 2015 (the “Record Date”) will receive one additional share of common stock for every five shares of common stock owned. The stock dividend will be paid on May 1, 2015. Fractional shares created by the stock dividend will be rounded up to a whole share for fractional shares over 0.49; otherwise the fractional shares will be rounded down to the nearest whole share.

 

“We believe the stock dividend may increase the liquidity of our stock and is beneficial to our stockholders. We appreciate the continued support of our stockholders and remain focused on enhancing long term stockholder value,” stated Russell Grimes, President and CEO of Carroll Bancorp, Inc.

 

Carroll Bancorp, Inc. currently has 799,257 shares of common stock issued and outstanding as of March 26, 2015. The stock dividend will increase the common stock issued and outstanding to approximately 959,108 shares. The additional common stock will be issued from our authorized but unissued shares.

Reference
Russell J. Grimes
410-795-1900
 
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