SOURCE: FFW Corporation

September 23, 2011 16:38 ET

FFW Corporation Announces Suspension of Quarterly Cash Dividend

WABASH, IN--(Marketwire - Sep 23, 2011) - FFW Corporation (OTCBB: FFWC) (9/22/2011 Close: $16.70), parent corporation of Crossroads Bank, has suspended dividend payments to common shareholders for the quarter ending September 30, 2011. The capital position of Crossroads Bank is strong and the dividend is being suspended to preserve capital and expedite the plan for repayment of Capital Purchase Program ("CPP") funds. Crossroads Bank's Risk-Based Capital Ratio was 13.5% at June 30, 2011 compared to the current regulatory benchmark for being considered "well capitalized" of 10.0%. 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