Elmer Bancorp, Inc. Announces Special Cash Dividend

Rhea-AI Summary

ELMER BANCORP, INC. (OTC Pink: ELMA) declared a special one-time cash dividend of $0.12 per common share on February 15, 2023. The dividend is payable on March 1, 2023 to shareholders on record as of December 31, 2022. This announcement celebrates the Bank's 120 years of service and reflects outstanding performance in 2022. Brian W. Jones, President and CEO, expressed gratitude towards loyal customers, shareholders, and employees. The First National Bank of Elmer offers financial services through six branches across New Jersey and is insured by the FDIC.

Positive

• Declared a special one-time cash dividend of $0.12 per share.
• Celebrating 120 years of community service in 2023.
• Reflects outstanding performance achieved in 2022.

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• 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 special one-time cash dividend on February 15, 2023 in the amount of $0.12 per common share, payable on March 1, 2023 to shareholders of record as of the close of business on December 31, 2022.

Brian W. Jones, President and CEO of the Company stated, “In 2023, the Bank is celebrating 120 years of serving our clients and neighbors and we wish to thank our loyal customer base, shareholders and our dedicated employees. In recognition of the outstanding performance that was achieved in 2022, the Board of Directors has declared a special one-time dividend to reward our shareholders. We are happy to be able to declare this special dividend and look forward to another year of being the community bank of choice in Southern Jersey.”

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 legal maximum amount by the Federal Deposit Insurance Corporation (FDIC).

View source version on businesswire.com: https://www.businesswire.com/news/home/20230215005791/en/

Cynthia L. Volk

Senior Vice President

Financial Officer

856-358-7000

Source: Elmer Bancorp, Inc.

FAQ

What is the special dividend amount declared by Elmer Bancorp?

Elmer Bancorp declared a special one-time cash dividend of $0.12 per common share.

When will the special dividend be paid to shareholders of Elmer Bancorp?

The special dividend will be paid on March 1, 2023.

Who is eligible for the special dividend from Elmer Bancorp?

Shareholders on record as of December 31, 2022, are eligible for the special dividend.

What does the special dividend from Elmer Bancorp signify?

The special dividend signifies recognition of the Bank's outstanding performance in 2022 and is a way to reward shareholders.