Contact Information: Contact: Mary Beth Steiginga Assistant Secretary 630 Godwin Avenue Midland Park, NJ 07432 201-444-7100
Stewardship Financial Corporation Declares Cash Dividend
| Source: Stewardship Financial Corporation
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 www.asbnow.com or call
201-444-7100 for information regarding our products and services.