SOURCE: FFW Corporation

August 23, 2006 11:06 ET

FFW Corporation Announces Quarterly Cash Dividend

WABASH, IN -- (MARKET WIRE) -- August 23, 2006 -- FFW Corporation (OTCBB: FFWC), parent corporation of First Federal Savings Bank of Wabash, Indiana, has approved a quarterly cash dividend of $.19 per share of common stock. The dividend is payable September 30, 2006 to shareholders of record on September 11, 2006. The dividend represents a 5.56% increase over the cash dividend of $.18 paid the prior year's quarter.

The book value of FFW Corporation stock was $19.73 per share as of July 31, 2006. The last reported trade of stock at the close of business on August 21, 2006 was $23.20 per share and the number of outstanding shares was 1,227,081 as of the same date. On July 31, 2006, the corporation had assets of $283.1 million and shareholders' equity of $24.3 million. First Federal continues to exceed all applicable regulatory capital requirements.

First Federal Savings 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

Contact Information

  • Contact:
    Tim Sheppard
    Chief Financial Officer
    260-563-3185 x228