AMERITRUST <AMTR> PROPOSES 2-FOR-1 STOCK SPLIT
AmeriTrust Corp said its board
proposed a two-for-one split of its common, subject to
stockholder approval at its May 14 annumal meeting.
    The company also said it intends to recommend an increase
in its annual regular dividend to at least two dlrs per share
before the split, beginning with the May dividend. The current
annual payout is 1.76 dlr per share.
    AmeriTrust currently has about 20.9 mln shares outstanding
with 25 mln authorized shares. It said shareholders will be
asked to approve an increase in authorized common to 100 mln
shares.
    Ameritrust also said it will submit for shareholder
approval an amendment to the company's charter regarding
liability and indemnification of directors and a recommendation
to create a classified board.
    AmeriTrust's total year-end assets were over 11.1 billion
dlrs.
 Reuter
