MORRISTOWN, Tenn., June 1, 2007 (PRIME NEWSWIRE) -- Anderson L. Smith, President and Chief Executive Officer of Jefferson Bancshares, Inc. (Nasdaq:JFBI), announced today that the Company's Board of Directors has declared a cash dividend of $0.06 cents per share of common stock. The dividend will be payable to stockholders of record as of June 30, 2007 and will be paid on July 13, 2007.
Jefferson Bancshares, Inc. is the parent corporation for Jefferson Federal Bank, which was established in 1963 and is headquartered in Morristown, Tennessee. The Bank has four banking facilities and one mortgage origination office located in Hamblen County, Tennessee. In addition, the Bank currently has one loan production office, one mortgage origination office, and one retail-commercial banking facility located in Knox County, Tennessee. On July 1, 2003, Jefferson Federal Bank completed its conversion from the mutual holding company structure to the stock holding company structure and became the wholly owned subsidiary of Jefferson Bancshares, Inc.
The Jefferson Bancshares, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3655