SOURCE: MAF Bancorp, Inc.

January 31, 2007 14:45 ET

MAF Bancorp Announces 8% Increase in Quarterly Cash Dividend

CLARENDON HILLS, IL -- (MARKET WIRE) -- January 31, 2007 -- MAF Bancorp, Inc. (NASDAQ: MAFB) announced today that its Board of Directors has approved an 8% increase in the quarterly cash dividend. The dividend will increase to 27 cents per share from 25 cents per share. The cash dividend will be paid on April 3, 2007 to shareholders of record on March 19, 2007. This is the Company's thirteenth increase in its cash dividend in the past twelve years.

MAF Bancorp is the parent company of Mid America Bank, a federally chartered stock savings bank. The Bank currently operates a network of 82 retail banking offices throughout Chicago and Milwaukee and their surrounding areas. The Company's common stock trades on the NASDAQ Stock Market under the symbol MAFB.

Contact Information

  • Contact:
    Jerry A. Weberling
    Chief Financial Officer
    Michael J. Janssen
    Senior Vice President
    (630) 325-7300

    MAF Bancorp, Inc.
    55th Street & Holmes Avenue
    Clarendon Hills, IL 60514