Absecon Bancorp Declares Second-Quarter Cash Dividend of $0.90 Per Share

Rhea-AI Summary

Absecon Bancorp (ASCN), the holding company of First National Bank of Absecon, has declared a quarterly cash dividend of $0.90 per share. The dividend will be paid on June 30, 2025, to shareholders of record as of June 20, 2025. First National Bank of Absecon, established in 1916, is a nationally chartered community bank headquartered in Absecon, New Jersey. The bank primarily serves Atlantic County and extends its services to parts of Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties, offering deposit and loan products to retail customers and small to mid-sized businesses. The bank's deposits are FDIC-insured, and dividend distributions are handled by Computershare Trust Company.

Positive

• Regular quarterly dividend of $0.90 per share demonstrates financial stability
• Strong community presence with over 100 years of operating history since 1916
• Broad market coverage across multiple New Jersey counties

Negative

• None.

ABSECON, N.J., June 12, 2025 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.90 per share, payable on June 30, 2025 to shareholders of record as of June 20, 2025.

The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, New Jersey, has a long history of serving the community since its establishment in 1916. The company is a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from its primary market area in Atlantic County, New Jersey, and secondary markets consisting of portions of Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. Deposits at The First National Bank of Absecon are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation (FDIC).

Dividend distributions are processed by Computershare Trust Company, N.A. (“Agent”).

Contact:		C. Eric Gaupp, Vice Chairman President, and Chief Executive Officer 106 New Jersey Avenue PO Box 324 Absecon, NJ 08201 Office: 609-641-6300 email: egaupp@FNBAbsecon.com

FAQ

When will Absecon Bancorp (ASCN) pay its Q2 2025 dividend?

Absecon Bancorp will pay its Q2 2025 dividend of $0.90 per share on June 30, 2025, to shareholders of record as of June 20, 2025.

What is the dividend amount for ASCN stock in Q2 2025?

Absecon Bancorp (ASCN) declared a quarterly cash dividend of $0.90 per share for Q2 2025.

What areas does First National Bank of Absecon serve?

First National Bank of Absecon primarily serves Atlantic County, NJ, with secondary markets in Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties.

Who handles the dividend distributions for Absecon Bancorp?

Computershare Trust Company, N.A. processes the dividend distributions for Absecon Bancorp.

When was First National Bank of Absecon established?

First National Bank of Absecon was established in 1916 and has been serving the community since then.