SOURCE: Stewardship Financial Corporation

March 21, 2007 10:55 ET

Stewardship Financial Corporation Declares Cash Dividend

MIDLAND PARK, NJ -- (MARKET WIRE) -- March 21, 2007 -- The Board of Directors of Stewardship Financial Corporation (OTCBB: SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.09 per share cash dividend to shareholders of record April 13, 2007 payable May 1, 2007. This represents an 18.1 percent increase over the second quarter cash dividend paid in 2006, as adjusted for a 5 percent stock dividend paid November 15, 2006.

In announcing the cash dividend, Chairman William C. Hanse and President and Chief Executive Officer Paul Van Ostenbridge stated, "The cash dividend is the second quarterly cash dividend to be paid in 2007, and is a result of continued strong earnings."

Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank, has banking offices in Midland Park, Hawthorne (2 offices), Ridgewood, Montville, Pequannock, Waldwick and Wayne (3 offices), New Jersey. The Bank opened its eleventh branch in Wyckoff in March with a grand opening set for April 14, 2007 and is seeking approvals on its twelfth branch in Westwood. Atlantic Stewardship Bank, opened in 1985, is a community bank serving individuals and businesses, and is well known for tithing 10 percent of its pre-tax profits to Christian and local charitable organizations. Please visit our website at or call 201-444-7100 for information regarding our products and services.

Contact Information

  • Contact:
    Mary Beth Steiginga
    Assistant Secretary
    630 Godwin Avenue
    Midland Park, NJ 07432