Texas Community Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on or About March 28, 2024
February 28, 2024 at 04:30 pm EST
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Texas Community Bancshares, Inc. announced that its Board of Directors has declared the payment of a quarterly cash dividend of $0.04 per share of common stock. This represents the second increase since the Company began paying dividends in March 2023. The dividend will be payable on or about March 28, 2024 to stockholders of record as of the close of business on March 14, 2024.
Texas Community Bancshares, Inc. is a holding company for Broadstreet Bank, SSB (the Bank). The Bank is a Texas-chartered savings bank. The Bankâs business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank of Dallas, in residential real estate loans and commercial real estate loans and, to a lesser extent, commercial loans, construction and land loans, and consumer and other loans. It also invests in securities which have historically consisted primarily of mortgage-backed securities and obligations issued by the United States government-sponsored enterprises and others, state and municipal securities, collateralized mortgage obligations, corporate bonds, and Federal Home Loan Bank stock. It offers a variety of deposit accounts, including checking accounts, money market accounts, savings accounts and certificates of deposit accounts.