Welcome to our dedicated page for Abescon Bancorp news (Ticker: ASCN), a resource for investors and traders seeking the latest updates and insights on Abescon Bancorp stock.
Absecon Bancorp (ASCN), the holding company for First National Bank of Absecon, serves as a cornerstone of community banking in Atlantic County, New Jersey. This dedicated news hub provides investors and stakeholders with timely updates on the company's financial performance, strategic initiatives, and regulatory developments.
Access comprehensive coverage of ASCN's latest press releases, including earnings reports, leadership announcements, and community-focused banking programs. Our curated collection ensures you stay informed about key operational milestones and market positioning within the competitive financial services sector.
Key updates feature regulatory filings, product innovations, and insights into the bank's risk management strategies. Whether tracking dividend declarations or regional economic trends, this resource consolidates essential information for informed decision-making.
Bookmark this page for continuous access to verified ASCN developments. For those monitoring community banking trends and localized financial services, we maintain current, factual reporting aligned with professional investment research standards.
Absecon Bancorp (ASCN) has declared a quarterly cash dividend of $0.90 per share for the first quarter. The dividend will be paid on March 28, 2025 to shareholders of record as of March 14, 2025.
The First National Bank of Absecon, established in 1916, operates as a community bank in Atlantic County, New Jersey, with secondary markets in Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. The bank specializes in providing deposit and loan products to retail customers and small to mid-sized businesses. All deposits are FDIC-insured up to the legal maximum amount.
Absecon Bancorp (ASCN) has declared a regular quarterly cash dividend of $0.90 per share, payable on December 30, 2024, to shareholders of record as of December 17, 2024. The company operates through First National Bank of Absecon, a community bank established in 1916 and headquartered in Absecon, New Jersey.
The bank focuses on providing deposit and loan products to retail customers and small to mid-sized businesses primarily in Atlantic County, New Jersey, with secondary markets in Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. All deposits are FDIC-insured up to the legal maximum amount.
Absecon Bancorp (OTC: ASCN), the holding company of First National Bank of Absecon, has declared a quarterly cash dividend of $0.75 per share. The dividend is payable on September 30, 2024, to shareholders of record as of September 17, 2024. First National Bank of Absecon, established in 1916, is a community bank serving Atlantic County, New Jersey, and portions of surrounding counties. The bank focuses on providing deposit and loan products to retail customers and small to mid-sized businesses. Deposits are insured by the FDIC up to the legal maximum amount. Dividend distributions are processed by Computershare Trust Company, N.A.
Absecon Bancorp (OTC: ASCN), the parent company of First National Bank of Absecon, announced a second-quarter cash dividend of $0.75 per share. The dividend will be paid on June 28, 2024, to shareholders recorded by June 17, 2024. The bank, based in Absecon, New Jersey, has served the community since 1916, offering deposit and loan products to retail customers and small to mid-sized businesses in Atlantic County and surrounding areas. Dividend distributions will be managed by Computershare Trust Company.
Absecon Bancorp (ASCN) has declared a cash dividend of $2.20 per share, a 4.76% increase from last year. The total dividend payment amounts to $243,251.80, based on 110,569 shares outstanding. This dividend is part of the company's capital management strategy and will be paid on January 20, 2023, to stockholders recorded as of December 30, 2022. The CEO emphasized the company's commitment to invest in business and maximize shareholder value.
Absecon Bancorp (ASCN) announced a cash dividend of $2.10 per share, reflecting a 5% increase from last year. The dividend, amounting to $231,917.70 based on 110,437 shares, underscores the company’s commitment to enhancing shareholder value and is part of its capital management strategy. The dividend will be payable on January 21, 2022, to stockholders of record by December 31, 2021. Absecon Bancorp plans to invest in people and technology to improve banking performance while maintaining a focus on prudent capital management.
Absecon Bancorp (ASCN) announced a new share repurchase plan, allowing the buyback of up to 10,000 shares, approximately 8.9% of its outstanding shares. The purchases will be conducted via open market or private transactions, depending on market conditions and the company's performance. The company reported a net income of $210,000 and total assets of $173.8 million as of June 30, 2021. The repurchased shares may be retired or used for corporate purposes, with Keefe, Bruyette & Woods appointed as the independent purchasing agent.
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