Exton bank declares stock dividend

First Resource Bank of Exton declared a 5 percent stock dividend, payable Jan. 2 to shareholders as of Dec. 19.

The dividend will increase the outstanding shares of the company's common stock to about 1,197,899. This is the third stock dividend since the bank's creation in 2005. The company has not paid a cash dividend.

In addition to its office in Exton, First Resource has a banking center in Coatesville. Its shares closed yesterday at $8.05 and have not traded early in today's session. Their price this year has ranged from $7.80 to $10.25.