Main Street Financial Services Corp. Announces Dividend Reinvestment Plan for Shareholders

Rhea-AI Summary

Main Street Financial Services Corp. (OTCQX:MSWV), the holding company of Main Street Bank Corp., has announced the implementation of a Dividend Reinvestment Plan (DRIP) as part of the Computershare Investment Plan. This new initiative offers eligible shareholders the opportunity to automatically reinvest their dividends in additional shares of the company.

Interested shareholders can enroll in the program by visiting www.computershare.com/investor and searching for Main Street Financial Services, or by contacting their investment broker. Main Street Financial Services Corp. is a $1.4 billion holding company based in Wooster, Ohio. Its primary subsidiary, Main Street Bank Corp., founded in 1899, provides full-service banking, commercial lending, and mortgage services across 19 branch locations in Ohio and West Virginia.

Positive

• Implementation of a Dividend Reinvestment Plan (DRIP) for shareholders
• Company has a substantial asset base of $1.4 billion
• Extensive branch network with 19 locations across Ohio and West Virginia

Negative

• None.

News Market Reaction – MSWV

-0.36%

-0.36% Session move

In the trading session that priced this news, MSWV declined 0.36%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WOOSTER, Ohio, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. (the “Bank”) announced today that it has implemented a Dividend Reinvestment Plan (DRIP) as part of the Computershare Investment Plan. The DRIP will provide eligible Main Street Financial Services Corporation shareholders with the opportunity and convenience of automatic reinvestment of dividends in reinvestment shares. For more information or if you would like to enroll in the program, please visit the transfer agent’s website www.computershare.com/investor and search Main Street Financial Services or contact your investment broker.

About MSWV: Main Street Financial Services Corp. is a $1.4 billion holding company headquartered in Wooster, Ohio. Its primary subsidiary, Main Street Bank Corp. was founded in 1899 and provides full-service banking, commercial lending, and mortgage services across its branch infrastructure. Today, Main Street Bank Corp operates 19 branch locations in Wooster, Ohio, Wheeling, West Virginia and other surrounding communities in Ohio and West Virginia. 

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. Factors which could result in material variations include, but are not limited to, changes in interest rates which could affect net interest margins and net interest income, competitive factors which could affect net interest income and noninterest income, changes in demand for loans, deposits and other financial services in the Company's market area; changes in asset quality, general economic conditions as well as other factors discussed in documents filed by the Company from time to time. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occurred after the date on which such statements were made.

Contact:

Main Street Financial Services Corp. 
James R. VanSickle II
President and Chief Executive Officer
330-264-5767

FAQ

What is the new Dividend Reinvestment Plan (DRIP) announced by Main Street Financial Services Corp. (MSWV)?

Main Street Financial Services Corp. (MSWV) has implemented a Dividend Reinvestment Plan (DRIP) as part of the Computershare Investment Plan. This plan allows eligible shareholders to automatically reinvest their dividends in additional shares of the company.

How can shareholders enroll in MSWV's new Dividend Reinvestment Plan?

Shareholders can enroll in the DRIP by visiting www.computershare.com/investor and searching for Main Street Financial Services, or by contacting their investment broker for assistance.

What is the asset size of Main Street Financial Services Corp. (MSWV) as of October 2024?

As of the announcement date, Main Street Financial Services Corp. (MSWV) is described as a $1.4 billion holding company headquartered in Wooster, Ohio.

How many branch locations does Main Street Bank Corp., the subsidiary of MSWV, operate?

Main Street Bank Corp., the primary subsidiary of Main Street Financial Services Corp. (MSWV), operates 19 branch locations across Wooster, Ohio, Wheeling, West Virginia, and other surrounding communities in Ohio and West Virginia.