SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 16, 2003
CORNERSTONE BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Tennessee 000-30497 62-1175427
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(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
5319 Highway 153,
Chattanooga, Tennessee 37343
(Address of principal executive offices)
(423) 385-3000
(Registrant's telephone number,
including area code)
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On December 16, 2003, the Registrant issued a press release reporting the authorization by the Board of Directors to issue an annual $.10 cash dividend to all shareholders of record December 29, 2003 with a payment date of January 26, 2004.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated December 16, 2003 reporting the declaration of a cash dividend.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CORNERSTONE BANCSHARES, INC.
Date: December 16, 2003 By:
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Nathaniel F. Hughes,
President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press release dated December 16, 2003 reporting the
declaration of a cash dividend.
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Exhibit 99.1
Cornerstone Bancshares, Inc. Announces Cash Dividend
HIXSON, Tenn., Dec. 16 /PRNewswire-FirstCall/ -- Cornerstone Bancshares, Inc. (OTC Bulletin Board: CSBQ) today announced the following:
Cornerstone Bancshares, Inc. Board of Directors announced its first dividend since inception. The dividend $.10 a share was announced as an annual dividend and was declared due to the Company's success in 2003 and the positive outlook the Company has for 2004. The dividend will be issued to shareholders of record as of December 29, 2003, and will be paid January 26, 2004.
Cornerstone Bancshares, Inc. is a one-bank holding company serving the Chattanooga, Tennessee MSA with 4 branches and $180 million in assets specializing in business financial services.
SOURCE Cornerstrone Bancshares, Inc.
-0- 12/16/2003
/CONTACT: Frank Hughes, President & CFO, Cornerstone Community Bank,
+1-423-385-3009, of fax, +1-423-385-3100, or fhughes@cscb-chatt.com/
/Web site: http://www.cscbank.com /
(CSBQ)
CO: Cornerstrone Bancshares, Inc.
ST: Tennessee
IN: FIN
SU: DIV