Andover, Ohio - Stephen E. Varckette, President of Andover Bancorp, Inc., the holding company of Andover Bank, announced that on July 3, 2023, the company paid a dividend of $0.375 per share for the first half of 2023.
 
This dividend reflects a 1.4% increase over the $0.37 per share dividend paid for the same period in 2022.
 
In making the announcement, Varckette added "We are proud to announce this increase in dividends compared to the same period last year and are pleased with of our performance over the first half of the year. Our strong history of dividends demonstrates the long-term financial strength of Andover Bank."