Charter Financial Declares Increased Quarterly Cash Dividend

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| Source: Charter Financial Corporation

WEST POINT, Ga., April 25, 2017 (GLOBE NEWSWIRE) -- Charter Financial Corporation (NASDAQ:CHFN) today announced that its board of directors has declared an increased quarterly cash dividend of $0.065 per share, the third consecutive increase after a $0.05 per share dividend was announced in the previous 14 quarters. The dividend is payable on May 25, 2017, to stockholders of record as of May 11, 2017.

Charter Financial Corporation is a savings and loan holding company and the parent company of CharterBank, a full-service community bank and a federal savings institution. CharterBank is headquartered in West Point, Georgia, and operates branches in Metro Atlanta, the I-85 corridor south to Auburn, Alabama, and the Florida Gulf Coast. CharterBank's deposits are insured by the Federal Deposit Insurance Corporation. Investors may obtain additional information about Charter Financial Corporation and CharterBank on the internet at www.charterbk.com under About Us.

Contact:
Robert L. Johnson, Chairman & CEO
Curt Kollar, CFO
706-645-1391
bjohnson@charterbank.net or
ckollar@charterbank.net

Dresner Corporate Services
Steve Carr
312-780-7211
scarr@dresnerco.com