JEFFERSONVILLE, N.Y., Jan. 14, 2025 (GLOBE NEWSWIRE) — Jeffersonville Bancorp, Inc. (OTCQB – JFBC) announced today that a special cash dividend in the amount of twenty-five cents ($0.25) per share on the common stock of the company was declared at the January 14, 2025 meeting of the Board of Directors. The dividend is payable on February 5, 2025 to stockholders of record at the close of business on January 29, 2025.
“The Company had another exceptional year in 2024 due to higher loan interest income, solid credit quality, and low core funding costs. The Company’s peer leading results have allowed us to accrete a significant amount of capital,” said George W. Kinne, Jr., President and CEO. “The Board of Directors is pleased that with our positive results and strong capital position, they are able to reward our loyal shareholders with this special cash dividend.”
Jeffersonville Bancorp is a one-bank holding company, which owns all the capital stock of Jeff Bank. Jeff Bank maintains ten full-service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.
For More Information, call: 845-482-4000
Contact: George W. Kinne, Jr., President – CEO
