Third Century Bancorp Announces Dividend

Rhea-AI Summary

Third Century Bancorp (OTCPINK: TDCB) has announced a $0.05 per share dividend for shareholders as of June 15, 2024.

The dividend will be paid on July 3, 2024. Operating as Mutual Savings Bank, Third Century Bancorp holds assets exceeding $312 million. The bank operates from its main office in Franklin, Indiana, with branches in Franklin, Trafalgar, and Greenwood.

Key executives include President and CEO David A. Coffey and Senior Vice President and CFO S. Paul Arab. For more information, view the source on businesswire.com.

Positive

• Announced quarterly dividend of $0.05 per share, benefiting shareholders.
• Dividend payable date set for July 3, 2024, ensuring timely returns.
• Assets exceed $312 million, indicating financial stability.
• Operates multiple branches, expanding its service reach in Indiana.

Negative

• Dividend amount of $0.05 per share may be considered low compared to industry standards.
• No significant updates or growth indicators mentioned beyond dividend announcement.

FRANKLIN, Ind.--(BUSINESS WIRE)-- (OTCPINK: TDCB) - Third Century Bancorp, an Indiana corporation and parent company of Mutual Savings Bank, announced today that the Board of Directors declared a dividend of $0.05 per share for shareholders of record on June 15, 2024. The dividend payable date is July 3, 2024.

Founded in 1890, Mutual Savings Bank is a full-service financial institution with assets of over $312 million. In addition to its main office at 80 East Jefferson Street, Franklin, Indiana, the bank operates branches in Franklin at 1124 North Main Street, as well as in Trafalgar and Greenwood, Indiana.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515412572/en/

David A. Coffey, President and Chief Executive Officer

S. Paul Arab, Senior Vice President and Chief Financial Officer

Tel. 317-736-7151

Fax 317-736-1726

Source: Third Century Bancorp

FAQ

What dividend did Third Century Bancorp announce for 2024?

Third Century Bancorp announced a $0.05 per share dividend for shareholders of record on June 15, 2024.

When will Third Century Bancorp pay the declared dividend?

The dividend will be paid on July 3, 2024.

What is the asset value of Third Century Bancorp?

Third Century Bancorp holds assets exceeding $312 million.

Where are Third Century Bancorp's branches located?

Branches are located in Franklin, Trafalgar, and Greenwood, Indiana.

Who are the key executives of Third Century Bancorp?

David A. Coffey is the President and CEO, and S. Paul Arab is the Senior Vice President and CFO.