Stewardship Financial Corporation Declares Cash and Stock Dividends
MIDLAND PARK, NJ -- (MARKET WIRE) -- 09/16/09 -- The Board of
Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent
company of Atlantic Stewardship Bank, has declared a $0.095 per share
cash dividend. Common stockholders of record as of October 15, 2009
will be paid the dividend on November 2, 2009. This represents a 5.0
percent increase over the fourth quarter cash dividend paid in 2008,
as adjusted for the 5 percent stock dividend paid in November 2008.
The Board also declared a 5 percent stock dividend to stockholders of
record date October 15, 2008, payable November 16, 2008.
In announcing the two dividends, Chairman William C. Hanse stated,
"The cash dividend is our fourth quarterly cash dividend to be paid in
2009 and our forty-eighth consecutive cash dividend. The stock
dividend represents the twelfth annual stock dividend paid by
Stewardship Financial Corporation since 1998." Paul Van Ostenbridge,
President and Chief Executive Officer continued, "We are pleased to
recognize shareholders with these dividends. The banking environment
continues to be challenging. Our management team remains diligent and
is appropriately addressing all challenges encountered."
Stewardship Financial Corporation's subsidiary, Atlantic Stewardship
Bank, has 13 banking offices in Midland Park, Hawthorne (2 offices),
Montville, North Haledon, Ridgewood, Pequannock, Waldwick, Wayne (3
offices), Westwood and Wyckoff, New Jersey. Atlantic Stewardship
Bank, opened in 1985, is a community bank serving individuals and
businesses, and is well known for tithing 10 percent of its pre-tax
profits to Christian and local charitable organizations. Please visit
our website at www.asbnow.com or call 201-444-7100 for information
regarding our products and services.
Mary Beth Steiginga
630 Godwin Avenue
Midland Park, NJ 07432
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