01/12/2022

Market Intelligence

Santa Claus Specials At the end of October 2021, BNCCorp, the Bismarck, North Dakota-based parent company of $1.1 billion BNC National Bank, announced that it would pay a special dividend on Dec. 15 – a so-called “Santa Claus special” given that it’ll be paid near the end of the year. BNC’s news came two days after a similar pronouncement from Merchants Financial Group, a $2.5 billion bank based in Winona, Minnesota. Merchants told shareholders on Oct. 26 that it would pay a special dividend of $1 per share “because of market factors that have contributed to exceptional performance that far…

You have accessed a resource that is only available to our Bank Services members and Subscribers.

From how-to articles, director training videos, key interviews with industry leaders and more, Bank Services provides bank executives and directors with the tools to help grow their financial institutions. To sign up for exclusive access to this online bank board resource, please contact Bank Services at 615-777-8461 or [email protected].

Read The Article

Magazine Subscribers please enter your email and password below.

BANK SERVICES members please login .

WRITTEN BY

John Maxfield

Freelancer

John Maxfield is a freelance writer for Bank Director magazine. He was previously the senior banking specialist at The Motley Fool. He regularly writes for Bank Director magazine and BankDirector.com. His work has been syndicated widely to national publications including USA Today, Time and Business Insider, and he’s been a regular guest on CNBC. John has a bachelor’s degree in economics from Lewis & Clark College and a juris doctorate from Southern Methodist University. He’s a licensed attorney in the State of Oregon.

Join OUr Community

Bank Director’s annual Bank Services Membership Program combines Bank Director’s extensive online library of director training materials, conferences, our quarterly publication, and access to FinXTech Connect.

Become a Member

Our commitment to those leaders who believe a strong board makes a strong bank never wavers.