MIAMI -- The board of Incontinental Bank has, approved a quarterly dividend increase of 3 cents, or 60%, to 8 cents per common share, payable Sept. 30 to shareholders of record on sept. 3.

William H. Allen Jr., chairman of thw $876 million-asset International, said the decision was based on continued improvement in financial results as well as expectations for future earnings growth.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.