FFW Corporation, parent corporation of Crossroads Bank, announced today that it has approved a quarterly cash dividend of $0.22 per share of common stock. Payable June 30, 2009 to shareholders of record on June 15, 2009, the dividend represents a 4.76% increase over the cash dividend of $0.21 paid the prior year’s same quarter.
According to the press release, the book value of FFW Corporation stock was $18.24 per share as of April 30, 2009. Yesterday the stockâ€™s trading price closed at $11.10 and the number of outstanding shares was 1,112,260 as of the same date. At the end of last month, the corporation had assets of $320.2 million and shareholders’ equity of $27.6 million.
Crossroads Bank, a wholly owned subsidiary of FFW Corporation, provides a broad range of banking services and a wide array of investments and securities products through its main office in Wabash and four banking centers located in Columbia City, North Manchester, South Whitley, and Syracuse, IN. Insurance products are also offered through an affiliated company, Insurance 1 Services, Inc.