FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation approves quarterly cash dividend of $0.29 per share of common stock.

Positive

• Approval of quarterly cash dividend of $0.29 per share of common stock.
• Book value of FFW Corporation stock was $41.86 per share as of July 31, 2023.

Negative

• None.

WABASH, Ind., Aug. 23, 2023 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (08/22/23 Close: $39.56), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.29 per share of common stock. The dividend is payable September 29, 2023, to shareholders of record on September 15, 2023.

The book value of FFW Corporation stock was $41.86 per share as of July 31, 2023. The last reported trade of stock at the close of business on August 22, 2023, was $39.56 per share and the number of outstanding shares was 1,126,607 as of the same date. On July 31, 2023, the corporation had assets of $544.3 million and shareholders' equity of $47.2 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