Andover, Ohio  - Stephen E. Varckette, President of Andover Bancorp, Inc., of Andover, Ohio, the holding company of Andover Bank, announced that the company paid on July 1, 2021, a dividend of $0.37 per share of common stock for the first half of 2021.

This dividend reflects a 1.4% increase over the $0.365 dividend paid for the same period in 2020.

In making the announcement, Varckette added, "We are pleased to announce this increase in dividends over the first half of 2020 and are proud of our performance over the past year, both financially and in support of the communities we serve. This increase demonstrates the long-term financial strength of Andover Bank."