COLDWATER, Mich., Feb. 16, 2007 (PRIME NEWSWIRE) -- Monarch Community Bancorp, Inc. (Nasdaq:MCBF), the holding company for Monarch Community Bank, today announced a 1 cent increase in its quarterly dividend from 6 cents to 7 cents per share. The 16.7% increase is a result of significant asset growth and a 7.5% increase in 2006 net income as compared to 2005.
The cash dividend is payable on March 16, 2007 to shareholders of record as of the close of business on March 2, 2007.
Monarch Community Bank is headquartered in Coldwater, Michigan and operates six full service retail offices in Branch, Calhoun and Hillsdale counties, as well as a drive-thru only location in Branch County.
For additional information, visit Monarch Community Bancorp's website at www.monarchcb.com.