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 16, 2009) - 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. Common
stockholders of record as of January 15, 2010 will be paid the dividend on
February 1, 2010.
In announcing the dividend, Chairman William C. Hanse stated, "The cash
dividend is our forty-ninth consecutive cash dividend to be paid to our
shareholders." Paul Van Ostenbridge, President and Chief Executive
Officer, continued, "We are pleased to recognize shareholders with this
dividend. The banking environment continues to be challenging, but
Stewardship Financial Corporation is well positioned for what may lie
ahead. Our management team remains diligent and is appropriately addressing
all challenges encountered."
Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank,
has 13 banking offices in Midland Park, Hawthorne (2 offices), Montville,
North Haledon, Ridgewood, Pequannock, Waldwick, Wayne (3 offices), Westwood
and Wyckoff, New Jersey. 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.