Absecon Bancorp Declares Second-Quarter Cash Dividend of $0.75 Per Share
Absecon Bancorp (OTC: ASCN), the parent company of First National Bank of Absecon, announced a second-quarter cash dividend of $0.75 per share. The dividend will be paid on June 28, 2024, to shareholders recorded by June 17, 2024. The bank, based in Absecon, New Jersey, has served the community since 1916, offering deposit and loan products to retail customers and small to mid-sized businesses in Atlantic County and surrounding areas. Dividend distributions will be managed by Computershare Trust Company.
- Declared a $0.75 per share cash dividend for the second quarter.
- Dividend indicates stable financial health and shareholder value.
- Long history of community service since 1916.
- Focuses on retail and small to mid-sized business banking.
- Deposits are FDIC insured up to the legal maximum.
- Covers a significant market area including multiple counties.
- to community banking, potentially restricting growth.
- Operates in a competitive market with numerous local banks.
ABSECON, N.J., June 07, 2024 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of
The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, New Jersey, has a long history of serving the community since its establishment in 1916. The company is a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from its primary market area in Atlantic County, New Jersey, and secondary markets consisting of portions of Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. Deposits at The First National Bank of Absecon are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation (FDIC).
Dividend distributions are processed by Computershare Trust Company, N.A. (“Agent”).
Contact:
C. Eric Gaupp, Vice Chairman President, and Chief Executive Officer
106 New Jersey Avenue
PO Box 324
Absecon, NJ 08201
Office: 609-641-6300
email: egaupp@FNBAbsecon.com
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