COLDWATER, Mich., Feb. 20, 2009 (GLOBE NEWSWIRE) -- Monarch Community Bancorp, Inc. (Nasdaq:MCBF), the holding company for Monarch Community Bank, today announced a quarterly dividend of 9 cents per share.
The cash dividend is payable on March 20, 2009 to shareholders of record as of the close of business on March 6, 2009.
Monarch Community Bank has continued to maintain a strong capital position throughout the current housing market crisis and the instability of the state and national economy. Donald L. Denney, President and Chief Executive Officer of the Company, stated: "We believe our strong capital position will carry us through these turbulent times and are pleased that we are able to continue to share our earnings with our shareholders based on our position."
Monarch Community Bank is headquartered in Coldwater, Michigan and operates six full service retail offices in Branch, Calhoun and Hillsdale counties.
For additional information, visit Monarch Community Bancorp's website at www.monarchcb.com.