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Abigail Adams National Bancorp, Inc.
Abigail Adams National Bancorp, Inc. Announces Suspension of Quarterly Dividends
September 12th, 2008
Abigail Adams National Bancorp, Inc. (NASDAQ:AANB), a bank holding company with offices in Washington DC, Maryland and Virginia, announced that its Board of Directors has voted to suspend regular quarterly dividends on its common stock effective immediately. Abigail Adams National Bancorp, Inc.'s President and Chief Executive Officer, Jeanne D. Hubbard, stated, "While the company reported a profit in each of the first two quarters of 2008 and our affiliate banks remain above regulatory requirements for being 'well capitalized' institutions, our Board of Directors believes that the current economic conditions require prudent management and conservation of capital at our...
Source: Health Business Week (2008-09-12)
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