BUCYRUS, Ohio, March 7, 2018 /PRNewswire/ -- At its most recent meeting held on February 20, 2018, the Board of Directors declared a quarterly cash dividend on the company's common stock in the amount of $.09 per share. This represents a 28.6% increase from the previous quarterly dividend of $.07 per share paid on December 28, 2017.
The dividend is payable on March 30th to shareholders of record on March 9, 2018. "Our Bank has experienced improved earnings over the past six months and anticipates continued growth in its full service locations in Bucyrus, New Washington and Marysville as well as its mortgage loan offices in Columbus, Grove City, Bellefontaine, Powell and Sarasota, Florida. We will continue to build our capital strength and reward our shareholders who have shown great patience and faith in our Bank," said Brad Murtiff, president and CEO.
Community Investors Bancorp, Inc. (OTC-PINK: CIBN) is a bank holding company which owns and operates First Federal Community Bank(the Bank), its only subsidiary. The Bank was established in 1888 as Bucyrus Loan and Building Company as a home lender. While home financing continues to be the Bank's primary mission, it has expanded into all categories of commercial and personal loans. As of December 31, 2017, the Bank reported assets of just under $145 million.
SOURCE Community Investors Bancorp, Inc.