Contact Information: For More Information Contact: Tim Sheppard Treasurer 260-563-3185 x228
FFW Corporation Announces Quarterly Cash Dividend
| Source: FFW Corporation
WABASH, IN -- (MARKET WIRE) -- May 23, 2007 -- FFW Corporation (OTCBB : FFWC ) (5/22/2007 Close:
$25.75), parent corporation of First Federal Savings Bank of Wabash,
Indiana, has approved a quarterly cash dividend of $0.19 per share of
common stock. The dividend is payable June 30, 2007 to shareholders of
record on June 15, 2007. The dividend represents a 5.56% increase over the
cash dividend of $0.18 paid the prior year's quarter.
The book value of FFW Corporation stock was $21.03 per share as of April
30, 2007. The last reported trade of stock at the close of business on May
22, 2007 was $25.75 per share and the number of outstanding shares was
1,216,089 as of the same date. On April 30, 2007, the corporation had
assets of $291.4 million and shareholders' equity of $25.6 million. First
Federal continues to exceed all applicable regulatory capital requirements.
First Federal Savings 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
four banking centers located in Columbia City, North Manchester, South
Whitley, and Syracuse, IN. The Bank provides leasing services at its
banking centers and its Carmel, 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 Bulletin Board
under the symbol "FFWC.OB." Our website address is www.ffsbwabash.com.