TRI-STATE 1ST BANC INC.
16926 St. Clair Ave., P. O. Box 796
East Liverpool, OH 43920
Nov 26, 2013
Tri-State 1st Banc Raises Dividends
East Liverpool, OH.–East Liverpool, OH – The Board of Directors of Tri-State 1st Banc Inc. declared its regular quarterly dividend in the amount of $.07 per share on both Common stock and Preferred Series A stock for the 4th Quarter of 2013. This represents a $.02 increase over the previous regular quarterly dividend , which is a 40% increase. In addition to the regular quarterly dividend, the Board of Directors also declared a special year-end dividend on its Common and Series A Preferred stock in the amount of an additional $.05. This is the 3rd year in a row that a special year end $.05 dividend has been paid. Total dividends paid on Common and Series A Preferred stock in 2013 total $.27.
The dividends were declared at a meeting of the Board of Directors on November 20, 2013 and will be paid on December 23, 2013 to shareholders of record on December 3, 2013. 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 of Tri-State 1st Banc outstanding. The company will pay a total of $119,571 to stockholders in December. For the year 2013 the company will have paid dividends of $513,035 to its shareholders many of whom reside or work in the Tri-State area.
Stephen R. Sant President and CEO of Tri-State 1st Banc Inc., stated: “We are happy to be able to share Tri-State’s success with our loyal shareholders. The increase in our regular quarterly dividend from $.05 to $.07, and the special $.05 year end dividend, reflect not only our success over the last couple of years but also our confidence in the future of our company.”
Tri-State 1st Banc Inc (NASDAQ.BB symbol "TSOH.OB") is an Ohio Financial Holding Company and is parent company to four subsidiary companies. They are 1st National Community Bank under President Stephen R. Sant, Dr. Marc D. Hoffrichter founded MDH Investment Management Company in 1983 and still serves as its President, Gateminder Corporation was chartered in 1999 and Lance Lang is President, and the Cooper Insurance Agency joined the company in 2010 and Stephen W. Cooper serves as its President.
Founder Charles B. Lang is Chairman and Stephen R. Sant serves as CEO/President of the parent company, Tri-State 1st Banc Inc.
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