ELMER BANCORP, INC. ANNOUNCES CASH DIVIDEND
ELMER, NEW JERSEY – October 1, 2021 – ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), parent company of The First National Bank of Elmer (the “Bank”), announced that the Board of Directors declared a cash dividend on October 1, 2021, in the amount of $0.20 per common share, payable on November 1, 2021, to shareholders of record as of the close of business on October 15, 2021. This represents a 17.6% increase from the $0.17 per common share paid in April 2021.
Brian W. Jones, President and CEO of the Company stated, “The Board of Directors is pleased to enhance the shareholders’ return on their investment by increasing the dividend, while at the same time remaining diligent in managing the Company’s capital position.” Chairman of the Board P. Scott Boyer added “I would like to thank management and all of our employees for their hard work during these difficult times. Their hard work enabled us to pay this dividend. Thank you!”
The First National Bank of Elmer, a nationally chartered bank headquartered in Elmer, New Jersey, has a long history of serving the community since its beginnings in 1903. We are a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from our six full-service branch offices located in Cumberland, Gloucester and Salem Counties, New Jersey, including our main office located at 10 South Main Street in Elmer, New Jersey. Deposits at The First National Bank of Elmer are insured up to the legally maximum amount by the Federal Deposit Insurance Corporation (FDIC).
Matthew A. Swift
Executive Vice President
Chief Financial Officer
Chief Operating Officer