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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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