SOURCE: FFW Corporation

March 08, 2012 16:30 ET

FFW Corporation Announces Cash Dividend

WABASH, IN--(Marketwire - Mar 8, 2012) - FFW Corporation (OTCBB: FFWC) (3/7/2012 Close: $14.00), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.11 per share of common stock. The dividend is payable March 30, 2012 to shareholders of record on March 19, 2012.

The book value of FFW Corporation stock was $21.65 per share as of January 31, 2012. The last reported trade of stock at the close of business on March 7, 2012 was $14.00 per share and the number of outstanding shares was 1,121,884 as of the same date. On January 31, 2012, the corporation had assets of $325.3 million and shareholders' equity of $31.8 million. The Board of FFW Corporation and Crossroads Bank will continue to evaluate the payment of a dividend on a quarterly basis.

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

  • FOR MORE INFORMATION
    Contact:
    Emily Boardman
    Treasurer
    260-563-3185