MFB Corp. Announces Quarterly Dividend Increase
October 20 2006 - 9:21AM
Business Wire
MFB Corp. (NASDAQ:MFBC) (the �Corporation�), parent company of MFB
Financial (the �Bank�), announced today that the Corporation has
declared a cash dividend of $0.165 per share of Common Stock for
the quarter ended September 30, 2006. The dividend is payable on
November 14, 2006 to holders of record on October 31, 2006. Charles
J. Viater, President and CEO stated, �This dividend represents a
32.0% increase over the dividend declared for the quarter ended
September 30, 2005. This increase provides further evidence of the
Corporation�s commitment to core earnings growth and shareholder
value.� MFB Corp. expects to release its earnings for the fiscal
year ended September 30, 2006 as soon as the annual audit is
completed by its independent accounting firm. MFB Corp.�s
wholly-owned bank subsidiary, MFB Financial, provides retail and
business financial services to the Michiana area through its eleven
banking centers in St. Joseph and Elkhart counties and private
client services to the Indianapolis market through its office in
Hamilton County. MFB Corp. (NASDAQ:MFBC) (the "Corporation"),
parent company of MFB Financial (the "Bank"), announced today that
the Corporation has declared a cash dividend of $0.165 per share of
Common Stock for the quarter ended September 30, 2006. The dividend
is payable on November 14, 2006 to holders of record on October 31,
2006. Charles J. Viater, President and CEO stated, "This dividend
represents a 32.0% increase over the dividend declared for the
quarter ended September 30, 2005. This increase provides further
evidence of the Corporation's commitment to core earnings growth
and shareholder value." MFB Corp. expects to release its earnings
for the fiscal year ended September 30, 2006 as soon as the annual
audit is completed by its independent accounting firm. MFB Corp.'s
wholly-owned bank subsidiary, MFB Financial, provides retail and
business financial services to the Michiana area through its eleven
banking centers in St. Joseph and Elkhart counties and private
client services to the Indianapolis market through its office in
Hamilton County.
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