STURGIS, Mich., July 27 /PRNewswire-FirstCall/ -- Sturgis
Bancorp, Inc. (OTC Bulletin Board: STBI) today announced that
its Board of Directors has declared a cash dividend of $0.03 per common share, payable September 15, 2010 to stockholders of record
August 13, 2010.
In making this announcement, Eric L.
Eishen, President and CEO, noted that the payment marks the
83rd consecutive quarter that Sturgis Bancorp, Inc. or Sturgis Bank & Trust Company, its
predecessor, has paid a 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, 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 www.sturgisbank.com.
This release contains statements that constitute forward-looking
statements. These statements appear in several places in this
release and include statements regarding intent, belief, outlook,
objectives, efforts, estimates or expectations of Bancorp,
primarily with respect to future events and the future financial
performance of the Bancorp. Any such forward-looking
statements are not guarantees of future events or performance and
involve risks and uncertainties, and actual results may differ
materially from those in the forward-looking statement.
Factors that could cause a difference between an ultimate
actual outcome and a preceding forward-looking statement include,
but are not limited to, changes in interest rates and interest rate
relationships; demand for products and services; the degree of
competition by traditional and non-traditional competitors; changes
in banking laws and regulations; changes in tax laws; changes in
prices, levies, and assessments; the impact of technological
advances; government and regulatory policy changes; the outcome of
any pending and future litigation and contingencies; trends in
consumer behavior and ability to repay loans; and changes of the
world, national and local economies. Bancorp undertakes no
obligation to update, amend or clarify forward-looking statements
as a result of new information, future events, or otherwise.
The numbers presented herein are unaudited.
SOURCE Sturgis Bancorp, Inc.