Contact Information: Contact: Mary Beth Steiginga Assistant Secretary 630 Godwin Avenue Midland Park, NJ 07432 201-444-7100
Stewardship Financial Corporation Declares Cash Dividend
| Source: Stewardship Financial Corporation
MIDLAND PARK, NJ--(Marketwire - June 20, 2007) - The Board of Directors of Stewardship
Financial Corporation (NASDAQ : SSFN ), parent company of Atlantic
Stewardship Bank, has declared a $0.09 per share cash dividend to
shareholders of record July 13, 2007 payable August 1, 2007. This
represents an 18.1 percent increase over the third quarter cash dividend
paid in 2006, as adjusted for a 5 percent stock dividend paid November 15,
2006.
In announcing the cash dividend, Chairman William C. Hanse and President
and Chief Executive Officer Paul Van Ostenbridge stated, "The cash dividend
is the third quarterly cash dividend to be paid in 2007, and is a result of
continued strong earnings."
Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank,
has banking offices in Midland Park, Hawthorne (2 offices), Ridgewood,
Montville, Pequannock, Waldwick and Wayne (3 offices), New Jersey. The
Bank has opened its eleventh branch in Wyckoff in March 2007 and is
planning on opening its twelfth branch in Westwood later this year.
Atlantic Stewardship Bank, opened in 1985, is a community bank serving
individuals and businesses, and is well known for tithing 10 percent of its
pre-tax profits to Christian and local charitable organizations. Please
visit our website at www.asbnow.com or call 201-444-7100 for information
regarding our products and services.