STURGIS, Mich., Dec. 18 /PRNewswire-FirstCall/ -- Sturgis Bancorp, Inc. (OTC:STBI) (BULLETIN BOARD: STBI) today announced that its Board of Directors has declared a special cash dividend of $0.05 per common share, payable December 31, 2007 to stockholders of record December 21, 2007. Eric L. Eishen, President and CEO, stated the Bancorp is having another strong year. For the nine months ended September 30, 2007 and 2006, earnings per share were $1.12 and $0.94, respectively. This has been accomplished through managing net interest income, expense control, diversification of fee revenue sources and credit risk management. In light of the record earnings, the Board wished to reward the shareholders with this special cash dividend. Sturgis Bancorp is the holding company for Sturgis Bank & Trust Company, and its subsidiaries Oakleaf Financial Services, Inc. and Oak Mortgage, LLC. Sturgis Bancorp provides a full array of trust, commercial and consumer- banking services from 11 banking centers in Sturgis, Bronson, Centreville, Climax, Coldwater, Colon, South Haven, Three Rivers and White Pigeon, Mich. Oakleaf Financial Services offers a complete range of investment and financial-advisory services. Oak Mortgage offers residential mortgages in all banking centers of the Bank. For Sturgis Bank & Trust Company updates, visit http://www.sturgisbank.com/. DATASOURCE: Sturgis Bancorp, Inc. CONTACT: Eric Eishen, President & CEO, or Brian P. Hoggatt, CFO, both of Sturgis Bancorp, Inc., +1-269-651-9345 Web site: http://www.sturgisbank.com/

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