Tri-State 1st Banc Reports First Quarter Dividend
March 31, 2008
East Liverpool, OH. -- The Board of Directors of Tri-State 1st Banc, Inc. (NASDAQ "TSEO"), the parent company of 1st National Community Bank, Gateminder Corporation and MDH Investment Management, Inc. declared a cash dividend payable to its common and preferred shareholders in the amount of $0.11 per share. The dividend was declared at a meeting of the Directors on March 27, 2008. The dividend is payable on April 30, 2008 to shareholders of record on April 10, 2008. This represents an increase of 10% over the prior quarter dividend.
The bank subsidiary operates seven banking offices: five in Columbiana County, Ohio, and one each in Hancock County, West Virginia and Beaver County, Pennsylvania. 1st National Community Bank was the original subsidiary of the one-bank holding corporation. The Office of the Comptroller of the Currency chartered the Bank in June of 1987 as a national banking association. There are presently 79 employees of the Bank and the other two subsidiaries of the holding company.
MDH Investment Management Inc. offers management of investments for clients in 14 states. MDH has over $78 million in assets under management and operates from its business offices located at 1216 Forsyth Place, East Liverpool, Ohio. Dr. Marc D. Hoffrichter is the founder and has served as the President of MDH for 25 years.
Gateminder Corporation administers ATM machines for merchants, financial institutions
and entertainment venues throughout Ohio, West Virginia and Pennsylvania. Gateminder
administers ATMs for 1st National Community Bank at the off-site locations where
its customers receive surcharge fee access to their funds. Gateminder serves hotels,
grocery store, hospitals, entertainment venues, government buildings, convenient
stores, shopping centers and gasoline stations, however, a large portion of the
total revenues of Gateminder Corporation are the result of customers that are
For more information please contact:
Charles B. Lang, President
Jean B. Edwards, Chief Financial Officer
Tri-State 1st Banc, Inc
16924 St. Clair Avenue
East Liverpool, OH., 43920
Phone: (330) 385-9200
FAX: (330) 386-7452