BUCS FINANCIAL CORP
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
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November 29, 2005
BUCS Financial Corp Contact: Mr. Herbert J. Moltzan
10455 Mill Run Circle President and CEO
Owings Mills, Maryland (410) 998-5304
BUCS FINANCIAL CORP ANNOUNCES 10% STOCK DIVIDEND
Owings Mills, Maryland -- BUCS Financial Corp, parent holding company
of BUCS Federal Bank, Owings Mills, Maryland, today announced that the Company's
Board of Directors had declared a 10% stock dividend. The stock dividend is
payable on January 1, 2006 to stockholders of record as of December 19, 2005.
Herbert J. Moltzan, President of the Company, stated that the Board of
Directors "was very pleased to declare this dividend as another method to
increase shareholder value in the Company and also increase the liquidity of the
stock. As a result of the Board's action today, the outstanding shares of the
Company's common stock will increase by approximately 80,196 shares, from
801,968 shares outstanding to 882,164 shares outstanding."
The Company conducts its business through branch offices in Owings
Mill, Maryland and Columbia, Maryland. As of September 30, 2005, the Company had
total assets and stockholders' equity of $134.04 million and $11.06 million,
respectively. The Company's stock is traded on the Over-the-Counter Market under
the symbol "BUCS" with quotations available through the OTC Electronic Bulletin
Board.
This release may contain forward-looking statements. We caution that
such statements may be subject to a number of uncertainties and actual results
could differ materially and, therefore, readers should not place undue reliance
on any forward-looking statements. BUCS Financial Corp does not undertake, and
specifically disclaims, any obligation to publicly release the results of any
revisions that may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances after the
date of such statements.