TRI-STATE 1ST BANC INC.
16926 St. Clair Ave., P. O. Box 796
East Liverpool, OH 43920
March 12, 2014
TriState 1st Banc Declares Dividends
East Liverpool, OH.(3/12/14)–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 1st Quarter of 2014. In addition the Board declared an 8% or $400 dollar per share dividend on the Preferred Series B Stock.
The common and Preferred Series A dividends were declared at a meeting of the Board of Directors on February 26, 2014 and will be paid on March 28, 2014 to shareholders of record on March 10, 2010. The Preferred Series B dividends were also declared on February 26, 2014 and will be paid on April 1, 2014 to shareholders of record on March 10, 2014. 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, 10,445 Series A Preferred of Tri-State 1st Banc outstanding and 610 shares of Series B Preferred Stock outstanding. The company will pay a total of $313,750 to stockholders as a result of this declaration. For the year 2014 the company has increased the regular quarterly dividend for common shareholders to $0.07, a 40% increase from $0.05 which was the rate a year ago.
Stephen R. Sant President and CEO of Tri-State 1st Banc Inc., stated: “The increase in the dividend, which started with the 4th quarter 2013 dividend, reflects not only the company’s excellent current operating results, but also the Board of Director’s confidence in our future. This continues our philosophy of sharing the company’s success with our Shareholders.”
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