TAUNTON SAVINGS BANK <TSBK> SETS FIRST DIVIDEND
Taunton Savings Bank said its
board declared an initial cash dividend of six cts per share.
    Taunton, which went public last June, said the rate was
based on 3,220,000 outstanding shares.
    It said the dividend was payable April 15 to shareholders
of record March 31.
    The company said it did not know if it would pay regular
dividends in the future.
 Reuter
