TRI-STATE 1ST BANC INC.
16926 St. Clair Ave., P. O. Box 796
East Liverpool, OH 43920
May 31, 2012
Tri State 1st Banc Declares Dividends
East Liverpool, OH. (5/31/12) – The Board of Directors of Tri-State 1st Banc Inc. declared its regular quarterly dividend in the amount of $.05 per share on both Common stock and Preferred Series A stock for the 2nd Quarter of 2012.
This $.05 per share paid in the 2nd Quarter is the same as the regular quarterly payments over the past several of years. In the year 2011, the company paid a five-for-four (25%) stock dividend to its shareholders, four $.05 quarterly dividends and a special year-end dividend.
The dividends were declared at a meeting of the Board of Directors on May 24, 2012 and will be paid on June 27, 2012 to shareholders of record on June 5, 2012. Shareholders have received a dividend each year since 1990. The 1st National Community Bank was chartered in June 1987 by the Office of the Comptroller of the Currency.
There are 985,983 shares of common stock and 10,445 Series A Preferred stock of Tri-State 1st Banc outstanding. The company will pay a total of $49,821 under this stock declaration to stockholders in June as it did in March. For the year 2011 the company paid cash dividends of $492,707 to its shareholders many of whom reside or work in the Tri-State area.
Charles B. Lang, Chairman of Tri-State 1st Banc Inc., stated: "All four subsidiaries of the company exceeded our expectations for the 1st Quarter 2012. This enabled the Board of Directors to continue our long record of successive dividend payments to shareholders while still building upon our capital to support future growth. Tri-State 1st Banc is off to another quick start this year. 2011 and the first few months of this year have provided a remarkable beginning for the second quarter-century that gets underway June 1, 2012.."
Tri-State 1st Banc Inc (NASDAQ.BB symbol "TSOH") is an Ohio Financial Holding Company registered with the Federal Reserve Bank and is the parent company of four subsidiary companies. Subsidiaries are 1st National Community Bank under President Stephen R. Sant, Dr. Marc D. Hoffrichter is President and founder of MDH Investment Management Company in 1983, and Gateminder Corporation chartered in 1999 with Lance Lang as President. The newest company to join with Tri-State is the Cooper Insurance Agency in 2010 with Stephen W. Cooper serving as its President.
Founding President Charles B. Lang serves as company Chairman and Stephen R. Sant serves as President and CEO of the Tri-State 1st Banc Inc. Stephen Beadnell is Chief Financial Officer of the company.
Stephen A. Beadnell, CFO
Tri-State 1st Banc Inc.
16926 St. Clair Avenue
P. O. Box 796
East Liverpool, OH. 43920
(330) 385-9200 ----- FAX (330) 386-7452