FFW Corporation announces quarterly cash dividend
News Release
WABASH – FFW Corporation, parent corporation of Crossroads Bank, has approved a quarterly cash dividend of 31 cents per share of common stock. The dividend is payable Dec. 26 to shareholders of record on Dec. 12.
The book value of FFW Corporation stock was $50.14 per share as of Oct. 31. The last reported trade of stock at the close of business Nov. 25 was $45.53 per share, and the number of outstanding shares was 1,087,250 as of the same date. On Oct. 31, the corporation had assets of $579.5 million and shareholders’ equity of $54.5 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 six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse and Warsaw.
The bank also provides leasing services at each of its banking centers. 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.” The website is crossroadsbanking.com.