FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) has approved a quarterly cash dividend of $0.29 per share of common stock. The dividend is payable on December 29, 2023, to shareholders of record on December 15, 2023. The book value of FFW Corporation stock was $37.37 per share, with assets of $541.0 million and shareholders' equity of $42.1 million as of October 31, 2023. The last reported trade of stock on November 30, 2023, was $32.30 per share, with 1,126,007 outstanding shares. Crossroads Bank, the corporation's wholly owned subsidiary, offers banking services, investments, securities products, and leasing services at six Indiana banking centers. The Corporation’s stock is traded on the OTC Markets under the symbol “FFWC.”

WABASH, Ind., Dec. 01, 2023 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (11/30/23 Close: $32.00), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.29 per share of common stock. The dividend is payable December 29, 2023, to shareholders of record on December 15, 2023.

The book value of FFW Corporation stock was $37.37 per share as of October 31, 2023. The last reported trade of stock at the close of business on November 30, 2023, was $32.30 per share and the number of outstanding shares was 1,126,007 as of the same date. On October 31, 2023, the corporation had assets of $541.0 million and shareholders' equity of $42.1 million. The Board of FFW Corporation and Crossroads Bank will continue to evaluate the payment of a dividend on a quarterly basis.

Crossroads Bank is a wholly owned subsidiary of FFW Corporation, providing an extensive array of banking services and a wide range of investments and securities products through its main office in Wabash and six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse, and Warsaw. The Bank also provides leasing services at each of its banking centers. Insurance products are offered through an affiliated company, Insurance 1 Services, Inc. The Corporation’s stock is traded on the OTC Markets under the symbol “FFWC.” Our website address is www.crossroadsbanking.com. Crossroads Bank, Member FDIC.

FOR MORE INFORMATION
Kirsten Pendarvis
Treasurer
(260) 563-3185

SOURCE: FFW Corporation

FAQ

What is the quarterly cash dividend approved by FFW Corporation (FFWC)?

FFW Corporation (OTC PINK: FFWC) has approved a quarterly cash dividend of $0.29 per share of common stock.

When is the dividend payable and to whom?

The dividend is payable on December 29, 2023, to shareholders of record on December 15, 2023.

What was the book value of FFW Corporation stock as of October 31, 2023?

The book value of FFW Corporation stock was $37.37 per share as of October 31, 2023.

What were the assets and shareholders' equity of FFW Corporation as of October 31, 2023?

As of October 31, 2023, the corporation had assets of $541.0 million and shareholders' equity of $42.1 million.

Where is Crossroads Bank located and what services does it offer?

Crossroads Bank, a wholly owned subsidiary of FFW Corporation, provides banking services, investments, securities products, and leasing services at six Indiana banking centers.

Where is FFW Corporation stock traded and under what symbol?

The Corporation’s stock is traded on the OTC Markets under the symbol “FFWC.”