Stewardship Financial Corporation Declares Cash Dividend
MIDLAND PARK, NJ -- (Marketwired) -- 07/17/13 -- 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 August 1, 2013
will be paid the dividend on August 15, 2013.
In announcing the dividend, Chairman William C. Hanse stated, "We are
pleased to continue to recognize our shareholders with this dividend.
The board remains committed to providing value to our shareholders as
well as giving back to the community through the bank's unique
Paul Van Ostenbridge, President and Chief Executive Officer
continued, "The Board has remained diligent in reviewing the
Corporation's dividends. The current dividend level allows the
Corporation to retain earnings, thus supporting the Corporation's
ability to continue to exceed regulatory capital requirements and to
position the bank for the future."
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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