EAST TEXAS FINANCIAL SERVICES, INC.
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1200 South Beckham o P. O. Box 6910 o Tyler, TX 75711-6910 o 903-593-1767
o Fax 903-593-1094
NEWS RELEASE
For verification, contact: Gerald W. Free, Vice Chairman/President/CEO
Derrell W. Chapman, Vice President/COO/CFO
Telephone: (903) 593-1767
Fax: (903) 593-1094
For immediate release: February 2, 2001
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EAST TEXAS FINANCIAL SERVICES, INC.
DECLARES CASH DIVIDEND
Tyler, Texas, February 2, 2001, - - - East Texas Financial Services, Inc., (OTC
Bulletin Board: ETFS.OB), the holding Company for First Federal Savings and Loan
Association of Tyler, Texas, today reported that the Company would continue its
quarterly cash dividend of $0.05 per share to be paid on February 21, 2001 to
stockholders of record as of February 7, 2001. The annualized dividend yield is
approximately 2.41% based on the most recent market price of $8.3125.
East Texas Financial Services, Inc., is the holding company for First Federal
Savings and Loan Association of Tyler, Texas, which presently operates three
full service offices and two loan agencies in the Tyler area and one full
service office in Gilmer.
The Company's stock is traded under the symbol "ETFS" on the OTC Electronic
Bulletin Board.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
EAST TEXAS FINANCIAL SERVICES, INC.
Date: February 2, 2001 By: /S/ Gerald W. Free
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Gerald W. Free
Vice Chairman, President and CEO