SOURCE: Stewardship Financial Corporation

Stewardship Financial Corporation

January 20, 2016 16:05 ET

Stewardship Financial Corporation Declares Cash Dividend

MIDLAND PARK, NJ--(Marketwired - January 20, 2016) - The Board of Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.02 per share cash dividend. Common stockholders of record as of February 1, 2016 will be paid the dividend on February 16, 2016.

In announcing the dividend, Chairman Richard Culp stated, "We are pleased to continue to recognize our shareholders with this dividend. The Board of Directors remains committed to providing value to our shareholders and giving back to the community through the bank's unique tithing mission."

Paul Van Ostenbridge, President and Chief Executive Officer continued, "This dividend represents the seventy third consecutive quarterly dividend since the Corporation began paying quarterly dividends in 1998. We are pleased to continue paying a cash dividend while maintaining a strong capital position."

Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank (ASB) is proudly celebrating 30 years of serving the greater New Jersey market. ASB is a full-service community bank serving both individuals and businesses; and is known for tithing, or sharing, 10% of its pre-tax profits with Christian and local charities selected by the Board of Directors. To date, ASB's total tithing donations total $8.6 million. ASB maintains 12 banking locations in NJ, including; Midland Park, Montville, North Haledon, Pequannock, Ridgewood, Waldwick, Westwood, Wyckoff, two offices in Hawthorne and two offices in Wayne. ASB invites you to visit their website at www.asbnow.com for additional information and to learn more.

Contact Information

  • Contact:
    Mary Beth Steiginga
    630 Godwin Avenue
    Midland Park , NJ 07432
    (201) 444-7100