Jeffersonville Bancorp Declares Special $0.25 Dividend
Jeffersonville Bancorp Declares Special Dividend
Jeffersonville Bancorp, Inc. (OTCQB - JFBC) has announced a special cash dividend of $0.25 per share on its common stock. This decision was made during their recent Board meeting, reflecting the company's stable financial progress.
Strong Company Performance
The Board chair highlighted the exceptional performance of Jeffersonville Bancorp and noted increased loan interest income and solid credit quality as key factors. These results have contributed to a strong capital position, allowing the Board to reward its shareholders with this dividend.
Dividend Payment Details
The special dividend will be paid on February 5, 2025, to all stockholders who hold shares by the close of business on January 29, 2025. This is a significant opportunity for stockholders to benefit from the company’s positive financial trajectory.
Advice from Leadership
George W. Kinne, Jr., President and CEO of Jeffersonville Bancorp, expressed his satisfaction with the company's results, stating, "The Board is pleased that we can reward our loyal shareholders with this special cash dividend." Such statements reflect the leadership's commitment to returning value to their investors.
Company Overview
Jeffersonville Bancorp operates under a one-bank holding company model, owning all the capital stock of Jeff Bank. This institution serves the community with ten full-service branches located across Sullivan and Orange County, New York. Each branch is strategically placed to meet the banking needs of the local population.
Branch Locations
The branches of Jeff Bank are spread across vital locations such as Anawana Lake Road in Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro. This extensive network underscores the company’s strong presence and commitment to the regional market.
Contact Information
For more inquiries related to the special dividend or services, individuals can contact Jeffersonville Bancorp directly at 845-482-4000. George W. Kinne, Jr., the President and CEO, is the designated point of contact for such communications.
Frequently Asked Questions
What is the amount of the special dividend declared by Jeffersonville Bancorp?
The special dividend declared is $0.25 per share.
When will the dividend be paid?
The dividend will be paid on February 5, 2025.
What date is the record for stockholders to be eligible for the dividend?
Stockholders must be on record by January 29, 2025, to receive the dividend.
Who is the CEO of Jeffersonville Bancorp?
The current CEO is George W. Kinne, Jr.
How many branches does Jeff Bank have?
Jeff Bank operates ten full-service branches in the region.
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