STURGIS, Mich., Feb. 27 /PRNewswire-FirstCall/ -- Sturgis Bancorp, Inc. (OTC:STBI) (BULLETIN BOARD: STBI) announced today the approval of a dividend reinvestment plan. The Sturgis Bancorp board of directors approved the plan on September 15, 2008 and Sturgis Bancorp has been working with American Stock Transfer & Trust Company, LLC (AST) to implement the dividend reinvestment program. The dividend reinvestment program will be administered through AST and Sturgis Bancorp anticipates that a mailing will be sent to shareholders with the details of the dividend reinvestment program in March. A dividend reinvestment program is an investment option offered directly to existing shareholders from the issuing company, in this instance Sturgis Bancorp. At the shareholder's option, the shareholder does not receive dividends directly as cash, but instead, can elect to have the shareholder's dividends directly reinvested in Sturgis Bancorp common stock. The dividend reinvestment program will also allow for a shareholder to make optional additional purchases of Sturgis Bancorp common stock with a minimum purchase amount of $25.00 and with a maximum optional purchase amount of $10,000.00. The specific terms and conditions, including applicable fees, associated with the dividend reinvestment plan will be provided with the mailing from AST in March. Sturgis Bancorp is a 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 12 banking centers in Sturgis, Bronson, Centreville, Climax, Coldwater, Colon, South Haven, Three Rivers and White Pigeon, Michigan. Oakleaf Financial Services offers a complete range of investment and financial-advisory services. Oak Mortgage offers residential mortgages in all markets of the Bank. Certain statements in this press release, including statements regarding the intent, belief or current expectations of Sturgis Bancorp, Inc. or its directors or officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. DATASOURCE: Sturgis Bancorp, Inc. CONTACT: Eric Eishen, President and 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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