SOURCE: Stewardship Financial Corporation

December 18, 2008 10:55 ET

Stewardship Financial Corporation Declares Cash Dividend

MIDLAND PARK, NJ--(Marketwire - December 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. Stockholders of record as of January 15, 2009 will be paid the dividend on February 2, 2009. This represents a 10.8 percent increase over the first quarter cash dividend paid in 2008, as adjusted for the 5 percent stock dividend paid in November 2008.

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 dividend which represents our forty-fifth consecutive cash dividend. We understand the challenges in the current banking environment, however we remain optimistic about the Corporation's future performance."

Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank, has 13 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.

Contact Information

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