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Stock Market & Financial Investment News

News Breaks
November 20, 2012
15:19 EDTANCXAccess National updates capital management outlook
The previously stated objective of a tangible capital to asset ratio of 8.0% or better remains. As of September 30, the ratio stood at 10.92% and following this special dividend, will remain above 10.0% on a pro forma basis, well in excess of the objective. There are proposed regulatory changes to capital requirements outlined in Basel III. The company evaluated the impact of the proposed changes and concluded it will continue to have an adequate cushion to support this action and other uses of capital described below. The published strategic objective that calls for balance sheet growth of $100M per year remains intact and management is confident the company can directionally deliver on this objective as the economy continues to recover. The pro forma capital ratio remains adequate to support management's organic growth.
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December 19, 2014
17:06 EDTANCXAccess National declares special cash dividend of 35c per share
Access National, parent company for Access National Bank, declared a cash dividend of 35c per share for holders of record as of December 30, 2014 and payable on January 16, 2015. This dividend will not be eligible for automatic reinvestment under the company’s Dividend Reinvestment and Stock Purchase Plan

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