Directors of the Bank of Westminster have...

Directors of the Bank of Westminster have declared a 3-for-1 stock split, effective Feb. 16 for shareholders of record on that date. The split will increase the number of shares to 751,761 from 250,587. A. Paul Tomko, the bank’s president, said the split will reduce the price of the stock to about a third of its current level and should encourage more investors to buy shares. Tomko said the stock has been selling over the counter recently at more than $20 a share.