Stewardship Financial Corporation Declares Cash Dividend
MIDLAND PARK, NJ -- (Marketwired) -- 04/18/13 -- The Board of
Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent
company of Atlantic Stewardship Bank, has declared a $0.01 per share
cash dividend. Common stockholders of record as of May 1, 2013 will
be paid the dividend on May 15, 2013.
In announcing the dividend, Chairman William C. Hanse stated, "We are
pleased continue to recognize our shareholders with this dividend.
The board strives to provide value to our shareholders as well as
give back to the community through the bank's unique tithing
Paul Van Ostenbridge, President and Chief Executive Officer
continued, "The board continues to closely monitor dividend policy to
preserve our well-capitalized status and to position the bank for the
future. This dividend level allows the Corporation to retain
earnings, thus supporting the Corporation's ability to continue to
exceed regulatory capital requirements."
Stewardship Financial Corporation's subsidiary, the Atlantic
Stewardship Bank, has 13 banking offices in Midland Park, Hawthorne
(2), Montville, North Haledon, Pequannock, Ridgewood, Waldwick, Wayne
(3), Westwood and Wyckoff, New Jersey. The bank is known for tithing
10% of its pre-tax profits to Christian and local charities. To date,
the Bank's total tithe donations total $7.8 million.
We invite you to visit our website at www.asbnow.com for additional
Mary Beth Steiginga
630 Godwin Avenue
Midland Park, NJ 07432
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