Absecon Bancorp Announces $0.90 Cash Dividend for Shareholders
Dividend Declaration by Absecon Bancorp
Absecon Bancorp (OTC: ASCN) proudly announced the declaration of a quarterly cash dividend. Shareholders will receive $0.90 per share, reinforcing the bank's commitment to providing steady returns to its investors. This dividend is set to be paid on a scheduled date, demonstrating the company's reliability in maintaining its shareholder distribution.
Understanding Absecon Bancorp's Role in the Community
The First National Bank of Absecon operates as the cornerstone of the community since its establishment in 1916. This institution is more than just a bank; it is a vital part of the community fabric, dedicated to serving the financial needs of local families and businesses. Absecon Bancorp has focused on nurturing relationships with its clients while providing them with a comprehensive range of financial services.
Services Offered by First National Bank of Absecon
With a dedicated approach, Absecon Bancorp offers various deposit solutions to individuals and tailored loan products for small and mid-sized businesses. This customer-centric focus is the bank's hallmark, allowing it to effectively meet the diverse needs of the community. The trust and reliability built over the years have solidified its position in the Atlantic County market.
Security and Assurance for Depositors
Deposits made with The First National Bank of Absecon are insured by the Federal Deposit Insurance Corporation (FDIC), assuring customers that their funds are secure up to the legal maximum limit. This coverage not only encourages clients to deposit their savings but also strengthens the bank’s reputation.
Dividend Process Management
The efficient handling of dividend distributions is managed by Computershare Trust Company, N.A., ensuring a smooth transition for shareholders. This arrangement emphasizes the importance of administrative expertise in maintaining shareholder confidence and satisfaction.
Contact Information for Investor Relations
C. Eric Gaupp serves as the Vice Chairman, President, and Chief Executive Officer of Absecon Bancorp. Investors and interested parties can reach out to him directly. His contact details are accessible, reinforcing the transparency and open communication ethos of the bank. The organization remains committed to engaging with its stakeholders.
Frequently Asked Questions
What is the amount of the quarterly cash dividend declared by Absecon Bancorp?
The quarterly cash dividend declared by Absecon Bancorp is $0.90 per share.
When will the cash dividend be paid out?
The cash dividend is scheduled to be paid on a date specified in the announcement, with shareholders of record receiving their dividends accordingly.
Who manages the dividend distribution process?
Computershare Trust Company, N.A. is responsible for managing the distribution of dividends for Absecon Bancorp.
How long has The First National Bank of Absecon been in operation?
The First National Bank of Absecon has been serving the community since its establishment in 1916.
Is my deposit at The First National Bank of Absecon safe?
Yes, deposits at The First National Bank of Absecon are insured by the Federal Deposit Insurance Corporation (FDIC) up to the legal maximum limit.
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