Friday, January 7, 2022/Categories: Andover Bancorp Press Releases, Bank News
Andover, Ohio -- Stephen E. Varckette, President of Andover Bancorp, Inc., the holding company of Andover Bank, announced that on January 3, 2022, the company paid a dividend of $0.37 per share for the second half of 2021.
This dividend, added to the first half dividend of $0.37, reflects a total dividend declared in 2021 of $0.74 per share, for an increase of 0.68% over the $0.735 dividend declared in 2020.
In making the announcement, Varckette added, "This is the 39th consecutive year of paying a dividend. We are very proud to be able to continue our strong history of dividends, as it demonstrates the long-term financial strength of Andover Bank."
Founded in 1884, Andover Bank is an independent community bank serving individuals and businesses throughout northeast Ohio and northwest Pennsylvania. It operates 10 banking centers and provides a full range of financial products and services, including consumer, mortgage and commercial loans; checking and savings accounts: certificates of deposit; and IRAs. To learn more, visit www.andover.bank.