Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

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 payable on September 15, 2025, to stockholders of record as of August 15, 2025.

Sturgis Bancorp operates through its main subsidiary, Sturgis Bank & Trust Company, providing banking services across multiple Michigan locations. The company's subsidiaries include Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services, offering a comprehensive range of financial, investment, mortgage, and insurance services.

Positive

• Maintaining quarterly dividend at $0.17 per share, the highest level in company history
• Broad service portfolio across banking, investment, mortgage, insurance, and title services
• Strong geographical presence across multiple Michigan locations

Negative

• None.

STURGIS, MI / ACCESS Newswire / July 24, 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 September 15, 2025, to stockholders of record at the close of business on August 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

FAQ

When will Sturgis Bancorp (STBI) pay its latest quarterly dividend?

Sturgis Bancorp will pay its quarterly dividend of $0.17 per share on September 15, 2025, to stockholders of record as of August 15, 2025.

What is the current dividend amount for Sturgis Bancorp (STBI)?

Sturgis Bancorp's current quarterly dividend is $0.17 per common share, which represents the highest dividend level in the company's history.

What services does Sturgis Bancorp (STBI) offer?

Sturgis Bancorp offers a comprehensive range of services including trust, commercial and consumer banking through Sturgis Bank & Trust Company, plus investment services (Oakleaf Financial), mortgages (Oak Mortgage), insurance (Ayres/Oak Insurance), and title services (Oak Title Services).

Where does Sturgis Bancorp (STBI) operate its banking centers?

Sturgis Bancorp operates banking centers across multiple Michigan locations including Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Marshall, Niles, Portage, South Haven, St. Joseph, Three Rivers, and White Pigeon.