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 - 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.