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These excerpts taken from the CBSH 10-K filed Feb 26, 2009. Payment
of Dividends
The principal source of the Company’s cash revenues is
dividends paid by the Bank. The Federal Reserve Board may
prohibit the payment of dividends by bank holding companies if
their actions constitute unsafe or unsound practices. The OCC
limits the payment of dividends by the Bank in any calendar year
to the net profit of the current year combined with the retained
net profits of the preceding two years. Permission must be
obtained from the OCC for dividends exceeding these amounts. The
payment of dividends by the Bank may also be affected by factors
such as the maintenance of adequate capital.
Payment of Dividends The principal source of the Company’s cash revenues is dividends paid by the Bank. The Federal Reserve Board may prohibit the payment of dividends by bank holding companies if their actions constitute unsafe or unsound practices. The OCC limits the payment of dividends by the Bank in any calendar year to the net profit of the current year combined with the retained net profits of the preceding two years. Permission must be obtained from the OCC for dividends exceeding these amounts. The payment of dividends by the Bank may also be affected by factors such as the maintenance of adequate capital. These excerpts taken from the CBSH 10-K filed Feb 26, 2008. Payment
of Dividends
The principal source of the Company’s cash revenues is
dividends from the subsidiary banks. The Federal Reserve Board
may prohibit the payment of dividends by bank holding companies
if their actions constitute unsafe or unsound practices. The OCC
limits the payment of dividends by bank subsidiaries in any
calendar year to the net profit of the current year combined
with the retained net profits of the preceding two years.
Permission must be obtained from the OCC for dividends exceeding
these amounts. The payment of dividends by the bank subsidiaries
may also be affected by factors such as the maintenance of
adequate capital.
Table of Contents
Payment of Dividends The principal source of the Company’s cash revenues is dividends from the subsidiary banks. The Federal Reserve Board may prohibit the payment of dividends by bank holding companies if their actions constitute unsafe or unsound practices. The OCC limits the payment of dividends by bank subsidiaries in any calendar year to the net profit of the current year combined with the retained net profits of the preceding two years. Permission must be obtained from the OCC for dividends exceeding these amounts. The payment of dividends by the bank subsidiaries may also be affected by factors such as the maintenance of adequate capital.
Table of ContentsThis excerpt taken from the CBSH 10-K filed Feb 26, 2007. Payment
of Dividends
The principal source of the Company’s cash revenues is
dividends from the subsidiary banks. The Federal Reserve Board
may prohibit the payment of dividends by bank holding companies
if their actions constitute unsafe or unsound practices. The OCC
limits the payment of dividends by bank subsidiaries in any
calendar year to the net profit of the current year combined
with the retained net profits of the preceding two years.
Permission must be obtained from the OCC for dividends exceeding
these amounts. The payment of dividends by the bank subsidiaries
may also be affected by factors such as the maintenance of
adequate capital.
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