DALLAS, March 15, 2017 (GLOBE NEWSWIRE) — N.D.B. COMPANY INC. (the “Company”), an affiliate of North Dallas Bank & Trust Co. (the “Bank”), under the Company’s plan of liquidation and dissolution, the Company will distribute to the owners of the Bank’s common stock as of record date March 31, 2017, a cash distribution in the amount of $4.32 per share. The distribution will be made on April 7, 2017.
N.D.B. COMPANY INC. is a trustee affiliate of North Dallas Bank & Trust Co. Any forward looking estimates are based on current circumstances which may change in the future and are not guaranteed.
North Dallas Bank & Trust Co. is an independent bank established in 1961 with current locations in Dallas, Plano, Irving, Frisco and Addison, Texas. Any forward-looking implications derived from this information may differ materially from actual results. Please direct any questions to Sam Renshaw, Vice Chairman and CFO.
CONTACT: Sam Renshaw 972.716.7100