Elmer Bancorp, Inc. Announces Cash Dividend Annual Meeting Date

Rhea-AI Summary

ELMER BANCORP, INC. (OTC Pink: ELMA) announced a cash dividend of $0.20 per share on April 3, 2023, payable on May 1, 2023, to shareholders of record by the close of business on April 17, 2023.

Brian W. Jones, President and CEO, emphasized the Board's commitment to sharing success with shareholders while ensuring a strong capital position amid economic conditions. Additionally, the Annual Meeting of Shareholders is scheduled for June 6, 2023, at 11:00 a.m. ET, with a record date for voting on April 12, 2023.

Positive

• Declaration of a cash dividend of $0.20 per share indicates strong financial performance.
• Commitment to maintain a strong capital position suggests confidence in future stability.

Negative

• None.

ELMER, N.J.--(BUSINESS WIRE)-- ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), parent company of The First National Bank of Elmer (the “Bank”), announced that the Board of Directors declared a cash dividend on April 3, 2023 in the amount of $0.20 per common share, payable on May 1, 2023 to shareholders of record as of the close of business on April 17, 2023.

Brian W. Jones, President and CEO of the Company stated, “The Board of Directors is pleased to continue to share our success with our shareholders while maintaining a strong capital position in the current economic environment.”

The Company also announced today that its Annual Meeting of Shareholders will be held at The Grove at Centerton located at 1022 Almond Road, Pittsgrove, New Jersey, on Tuesday, June 6, 2023 at 11:00 a.m. Eastern Time. The record date for shareholders to vote at the Annual Meeting is April 12, 2023.

The First National Bank of Elmer, a nationally chartered bank headquartered in Elmer, New Jersey, has a long history of serving the community since its beginnings in 1903. We are a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from our six full service branch offices located in Cumberland, Gloucester and Salem Counties, New Jersey, including our main office located at 10 South Main Street in Elmer, New Jersey. Deposits at The First National Bank of Elmer are insured up to the legally maximum amount by the Federal Deposit Insurance Corporation (FDIC).

View source version on businesswire.com: https://www.businesswire.com/news/home/20230403005827/en/

Cynthia L. Volk

Senior Vice President

Financial Officer

1-856-358-7000

Source: ELMER BANCORP, INC.

FAQ

What is the dividend amount declared by ELMA?

ELMER BANCORP declared a cash dividend of $0.20 per share.

When will the dividend be paid for ELMA?

The dividend will be paid on May 1, 2023.

What is the record date for the dividend payment by ELMA?

The record date for the dividend is April 17, 2023.

When is the Annual Meeting of Shareholders for ELMA?

The Annual Meeting of Shareholders will be held on June 6, 2023.