FFW Corporation Announces Quarterly Cash Dividend

WABASH, Indiana, Aug. 24, 2022 (GLOBE NEWSWIRE) — FFW Corporation (OTC PINK: FFWC) (08/23/22 Closing: $47.00), parent company of Crossroads Bank, approved a quarterly cash dividend of $0.28 per common share. The dividend is payable on September 30, 2022 to shareholders of record on September 16, 2022.

The book value of FFW Corporation stock was $41.39 per share as of July 31, 2022. The last reported stock trade as of the close of business on August 23, 2022 was $47.00 per share and the number of outstanding shares was 1,140,956 on the same date. Date. As of July 31, 2022, the company had assets of $532.8 million and equity of $47.2 million. The board of directors of FFW Corporation and Crossroads Bank will continue to assess the payment of a dividend on a quarterly basis.

Crossroads Bank is a wholly owned subsidiary of FFW Corporation, offering a broad range of banking services and a wide range of investment 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 offers leasing services in each of its banking centres. Insurance products are offered by an affiliate, Insurance 1 Services, Inc. The Company’s shares are traded on the OTC markets under the symbol “FFWC”. Our website address is www.crossroadsbanking.com. Crossroads Bank, Member FDIC.

FOR MORE INFORMATION
Kirsten Pendarvis
Treasurer
(260) 563-3185

SOURCE: FFW Company

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