Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend

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Sturgis Bancorp (OTCQX:STBI) has announced a quarterly cash dividend of $0.17 per common share, maintaining its highest dividend level in company history. The dividend will be paid on June 13, 2025, to stockholders of record as of May 15, 2025.

The company operates through its main subsidiary, Sturgis Bank & Trust, along with several specialized divisions:

• Oakleaf Financial Services - Investment and financial advisory
• Oak Mortgage - Residential mortgages
• Ayres/Oak Insurance - Commercial and consumer insurance
• Oak Title Services - Title insurance services

The bank provides comprehensive trust, commercial, and consumer banking services through banking centers across Michigan, including locations in: Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Marshall, Niles, Portage, South Haven, St. Joseph, Three Rivers, and White Pigeon.

STURGIS, MI / ACCESS Newswire / April 28, 2025 / Sturgis Bancorp, Inc. (OTCQX:STBI) today announced that its Board of Directors has declared a cash dividend of $0.17 per common share, payable June 13, 2025, to stockholders of record at the close of business on May 15, 2025. This declaration continues the quarterly dividend at the highest level in the Company's history.

About Sturgis Bancorp, Inc.
Sturgis Bancorp, Inc. is the holding company for Sturgis Bank & Trust Company (the Bank), and its subsidiaries: Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services. The Bank provides a full array of trust, commercial, and consumer banking services from banking centers in: Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Marshall, Niles, Portage, South Haven, St. Joseph, Three Rivers, and White Pigeon, Michigan. Oakleaf Financial Services offers a complete range of investment and financial-advisory services. Oakleaf Mortgage offers residential mortgages in all markets of the Bank. Ayres/Oak Insurance offers various competitive commercial and consumer insurance products. Oak Title Services offers commercial and consumer title insurance services.

For additional information and updates, visit our website at www.sturgis.bank.

Sturgis Bancorp, Inc. Contacts
Jason J. Hyska, President & CEO, or Brian P. Hoggatt, CFO - (269) 651-9345

SOURCE: Sturgis Bancorp, Inc.

View the original press release on ACCESS Newswire