Stewardship Financial Corporation Declares Cash Dividend
MIDLAND PARK, NJ -- (Marketwired) -- 10/16/13 -- 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 November 1, 2013
will be paid the dividend on November 15, 2013.
In announcing the dividend, Chairman William C. Hanse stated, "We are
pleased to continue to acknowledge our shareholders with this
dividend. This dividend represents the sixty-fourth consecutive
quarterly dividend since the Corporation began paying quarterly
dividends in 1998."
Paul Van Ostenbridge, President and Chief Executive Officer,
continued, "The Board of Directors remains diligent in reviewing the
Corporation's dividends and continues to strive to provide value to
our shareholders as well as give back to the community through the
bank's unique tithing mission. The current dividend level allows the
Corporation to retain earnings, thus supporting the Corporation's
ability to continue to preserve our well-capitalized status 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 $7.9 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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