Contact Information: Contact: Emily Boardman Treasurer 260-563-3185
FFW Corporation Announces Quarterly Cash Dividend
| Source: FFW Corporation
WABASH, IN--(Marketwire - November 24, 2008) - FFW Corporation (OTCBB : FFWC ) (11/21/2008 Close:
$11.00), parent corporation of Crossroads Bank, has approved a quarterly
cash dividend of $0.22 per share of common stock. The dividend is payable
December 31, 2008 to shareholders of record on December 12, 2008. The
dividend represents a 4.76% increase over the cash dividend of $0.21 paid
the prior year's same quarter.
The book value of FFW Corporation stock was $18.31 per share as of October
31, 2008. The last reported trade of stock at the close of business on
November 21, 2008 was $11.00 per share and the number of outstanding shares
was 1,112,260 as of the same date. On October 31, 2008, the corporation
had assets of $315.5 million and shareholders' equity of $20.4 million.
Crossroads Bank is a wholly owned subsidiary of FFW Corporation providing
an extensive array of banking services and a wide range of investments and
securities products through its main office in Wabash and four banking
centers located in Columbia City, North Manchester, South Whitley, and
Syracuse, IN. The Bank provides leasing services at its banking centers and
its Carmel, IN leasing and commercial loan office. Insurance products are
offered through an affiliated company, Insurance 1 Services, Inc. The
corporation's stock is traded on the OTC Bulletin Board under the symbol
"FFWC.OB." Our website address is www.crossroadsbanking.com.