Jeffersonville Bancorp Announces Special Dividend
Jeffersonville Bancorp (OTCQB: JFBC) has made waves in the financial sector by declaring a special cash dividend of $0.25 per share on its common stock. This announcement came on a notable day when the Board of Directors convened to discuss the company's financial strategies and future direction.
Insights from Leadership
George W. Kinne, Jr., the President and CEO of Jeffersonville Bancorp, expressed confidence in the company’s performance and future outlook. He stated that their projected success for the year ahead is fueled by a substantial increase in loan interest income coupled with reduced core funding costs. The company has consistently shown profitability levels that exceed many of its peers, enhancing its capital position steadily.
Commitment to Shareholders
With this solid performance, the Board has opted to return capital to its shareholders. Kinne emphasized the importance of rewarding loyal investors, stating, “The Board of Directors is pleased to reward our loyal shareholders with the return of capital through this special cash dividend.” This sentiment highlights the firm’s ongoing commitment to its investor base.
About Jeffersonville Bancorp
Jeffersonville Bancorp operates as a one-bank holding company for Jeff Bank, which boasts a robust presence in the region with ten full-service branches across Sullivan and Orange Counties, New York. The branches are strategically located to serve communities in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.
Contact Information
For additional information or inquiries, interested parties can reach out to Jeffersonville Bancorp by calling 845-482-4000. Furthermore, George W. Kinne, Jr. serves as the contact for investor relations as the President and CEO, available to discuss company prospects and initiatives.
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 payable?
The dividend is payable on October 3, 2025.
What financial factors led to the announcement of the dividend?
The company has seen higher loan interest income and lower core funding costs, resulting in strong profitability and a solid capital position.
Where are Jeffersonville Bancorp's branches located?
Jeffersonville Bancorp operates ten full-service branches in Sullivan and Orange Counties in New York.
Who should I contact for more information about Jeffersonville Bancorp?
For inquiries, contact George W. Kinne, Jr. at 845-482-4000.
