SOURCE: FFW Corporation

November 24, 2008 11:30 ET

FFW Corporation Announces Quarterly Cash Dividend

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.

Contact Information

  • Contact:
    Emily Boardman
    Treasurer
    260-563-3185