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FFW Corporation Announces Quarterly Cash Dividend

Company Release - 5/22/2020 10:34 AM ET

WABASH, Ind., May 22, 2020 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC) (5/21/2020 Close: $34.50), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.23 per share of common stock. The dividend is payable June 30, 2020 to shareholders of record on June 16, 2020.

The book value of FFW Corporation stock was $42.21 per share as of April 30, 2020. The last reported trade of stock at the close of business on May 21, 2020 was $34.50 per share and the number of outstanding shares was 1,129,394 as of the same date. On April 30, 2020, the corporation had assets of $444.5 million and shareholders' equity of $47.7 million. The Board of FFW Corporation and Crossroads Bank will continue to evaluate the payment of a dividend on a quarterly basis.

Crossroads Bank is a wholly owned subsidiary of FFW Corporation providing an extensive array of banking services and a wide range of investments and securities products through its main office in Wabash and five banking centers located in Columbia City, North Manchester, South Whitley, Syracuse, and Peru, IN. The Bank provides leasing services at its banking centers and its Fishers, IN leasing and commercial loan office. Insurance products are offered through an affiliated company, Insurance 1 Services, Inc. The corporation's stock is traded on the OTC Markets under the symbol "FFWC." Our website address is  Crossroads Bank, Member FDIC.

Emily Boardman
(260) 563-3185

SOURCE: FFW Corporation

Source: FFW Corporation