FFW Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

FFW Corporation, parent company of Crossroads Bank, declares a quarterly cash dividend of $0.29 per share of common stock. The corporation's stock book value stands at $42.16 per share. With assets of $550.8 million and shareholders' equity of $47.6 million as of January 31, 2024, the company continues to assess dividend payments quarterly. Crossroads Bank offers a wide range of banking services and investment products through its Indiana branches.

WABASH, Ind., Feb. 28, 2024 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (2/27/24 Close: $37.00), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.29 per share of common stock. The dividend is payable March 29, 2024, to shareholders of record on March 15, 2024.

The book value of FFW Corporation stock was $42.16 per share as of January 31, 2024. The last reported trade of stock at the close of business on February 27, 2024, was $37.00 per share and the number of outstanding shares was 1,129,010 as of the same date. On January 31, 2024, the corporation had assets of $550.8 million and shareholders' equity of $47.6 million. The Board of FFW Corporation and Crossroads Bank will continue to evaluate the payment of a dividend on a quarterly basis.

Crossroads Bank is a wholly owned subsidiary of FFW Corporation, providing an extensive array of banking services and a wide range of investments and securities products through its main office in Wabash and six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse, and Warsaw. The Bank also provides leasing services at each of its banking centers. Insurance products are offered through an affiliated company, Insurance 1 Services, Inc. The Corporation’s stock is traded on the OTC Markets under the symbol “FFWC.” Our website address is www.crossroadsbanking.com. Crossroads Bank, Member FDIC.

FOR MORE INFORMATION
Kirsten Pendarvis
Treasurer
(260) 563-3185

SOURCE: FFW Corporation

What is the quarterly cash dividend declared by FFW Corporation?

FFW Corporation approved a quarterly cash dividend of $0.29 per share of common stock.

What is the book value of FFW Corporation stock as of January 31, 2024?

The book value of FFW Corporation stock was $42.16 per share as of January 31, 2024.

What were the assets and shareholders' equity of FFW Corporation as of January 31, 2024?

As of January 31, 2024, FFW Corporation had assets of $550.8 million and shareholders' equity of $47.6 million.

Where is the main office of Crossroads Bank located?

Crossroads Bank's main office is located in Wabash, Indiana.

How many Indiana banking centers does Crossroads Bank have?

Crossroads Bank has six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse, and Warsaw.