Contact Information: Contact: Mary Beth Steiginga 630 Godwin Avenue Midland Park, NJ 07432 201-444-7100
Stewardship Financial Corporation Declares Cash Dividend
| Source: Stewardship Financial Corporation
MIDLAND PARK, NJ--(Marketwire - December 13, 2007) - The Board of Directors of Stewardship
Financial Corporation (NASDAQ : SSFN ), parent company of Atlantic
Stewardship Bank, has declared a $0.09 per share cash dividend to
shareholders of record date January 15, 2008, payable February 1, 2008.
In announcing the dividend, Chairman William C. Hanse and President and
Chief Executive Officer Paul Van Ostenbridge stated, "The Corporation
continues to perform well given the current interest rate environment and
as a result, we are pleased to recognize shareholders with this cash
dividend. This dividend represents the forty-first consecutive quarterly
dividend paid by the Stewardship Financial Corporation. The Atlantic
Stewardship Bank, subsidiary of Stewardship Financial Corporation, will
open its newest branch at 33 Sicomac Road, North Haledon, New Jersey next
week. This is the third new branch established by the Bank in 2007."
This dividend is in the same amount per share as the cash dividend paid in
the first quarter of 2007, but represents a 5 percent increase over the
first quarter cash dividend paid in 2007, as adjusted for the 5 percent
stock dividend paid in November 2007.
Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank,
has banking offices in Midland Park, Hawthorne (2 offices), Ridgewood,
Montville, Pequannock, Waldwick, Wayne (3 offices), Westwood and Wyckoff,
New Jersey. The Bank will open its thirteenth branch in North Haledon, New
Jersey in December. 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.