Contact Information: Contact: Mary Beth Steiginga 630 Godwin Avenue Midland Park, NJ 07432 201-444-7100
Stewardship Financial Corporation Declares Cash Dividend
| Source: Stewardship Financial Corporation
MIDLAND PARK, NJ--(Marketwire - June 18, 2008) - The Board of Directors of Stewardship
Financial Corporation (NASDAQ : SSFN ), parent company of Atlantic
Stewardship Bank, has declared a $0.095 per share cash dividend to
shareholders of record date July 15, 2008, payable August 1, 2008. This
represents a 10.8 percent increase over the third quarter cash dividend
paid in 2007, as adjusted for a 5 percent stock dividend paid November 15,
2007.
In announcing the dividend, Chairman William C. Hanse and President and
Chief Executive Officer Paul Van Ostenbridge stated, "We are pleased to
recognize shareholders with this increased cash dividend, which represents
the forty-third consecutive quarterly dividend paid by the Stewardship
Financial Corporation. We understand the challenges in the current banking
environment, however remain optimistic about the Corporation's future
performance."
Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank,
has banking offices in Midland Park, Hawthorne (2 offices), Ridgewood,
Montville, Pequannock, Waldwick, Wayne (3 offices), Westwood, Wyckoff and
North Haledon, New Jersey. 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.