Absecon Bancorp Announces Attractive Cash Dividend for Shareholders
Absecon Bancorp Announces Impressive Cash Dividend
Absecon Bancorp (OTC: ASCN), the bank holding company for First National Bank of Absecon, has recently declared an exciting quarterly cash dividend of $0.90 per share. This generous dividend is set to be paid to shareholders who are on record by June 20, with payments disbursed on June 30. This decision signifies the company’s unyielding commitment to rewarding its shareholders.
History of First National Bank of Absecon
First National Bank of Absecon has proudly served its community since its establishment in 1916. Nestled in Atlantic County, this nationally chartered bank focuses on providing essential banking services to both individuals and small to mid-sized businesses. Its dedication to building strong relationships within the community has been a cornerstone of its operations over the years.
Community Banking Focus
The bank emphasizes delivering a range of deposit and loan products designed to meet the unique needs of its local clientele. From personal banking solutions to business financing, First National Bank of Absecon continues to adapt to market demands while keeping community service at the forefront of its mission. By concentrating on regions in Atlantic County and extending its reach into surrounding areas such as Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties, the bank highlights its role as a significant player in the banking landscape.
Safety and Assurance for Depositors
Depositors at First National Bank of Absecon can have peace of mind knowing their funds are safeguarded, as they are insured up to the legal limits by the Federal Deposit Insurance Corporation (FDIC). This federal guarantee reassures customers about the security of their assets and reinforces the bank’s reputation for reliability and stability.
Managing Dividend Distributions
Dividend distributions at Absecon Bancorp are managed by Computershare Trust Company, N.A., ensuring an efficient process for shareholders. This partnership stands as a testament to the organization’s commitment to maintaining high standards in financial management.
Contact Information for Stakeholders
For further inquiries regarding the dividend or other company matters, shareholders and interested parties can get in touch with C. Eric Gaupp, the Vice Chairman, President, and Chief Executive Officer of Absecon Bancorp. He can be reached at the company’s office located at 106 New Jersey Avenue, PO Box 324, Absecon, NJ 08201. For direct communication, call 609-641-6300 or send an email to egaupp@FNBAbsecon.com.
Frequently Asked Questions
What is the amount of the cash dividend declared by Absecon Bancorp?
Absecon Bancorp has declared a cash dividend of $0.90 per share.
When is the dividend payment date for shareholders?
The dividend will be paid on June 30, 2025, to shareholders of record as of June 20, 2025.
What is the history of the First National Bank of Absecon?
The First National Bank of Absecon has been serving its community since 1916, providing banking services tailored to local needs.
How does Absecon Bancorp insure its deposits?
Deposits at the First National Bank of Absecon are insured up to the maximum limits allowed by the Federal Deposit Insurance Corporation (FDIC).
How can shareholders contact the company for more information?
Shareholders can contact C. Eric Gaupp at 609-641-6300 or email him at egaupp@FNBAbsecon.com.
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