Andover, Ohio -- Stephen E. Varckette, President & CEO of Andover Bancorp, Inc., the holding company of The Andover Bank, announced that on January 2, 2018, the company paid a dividend of $0.36 per share for the second half of 2017.

This dividend, added to the first half dividend of $0.355, reflects a total dividend declared in 2017 of $0.715 per share, for an increase of 1.42% over the $0.705 dividend declared in 2016.

In making the announcement, Varckette added "This is the 35th consecutive year of paying a dividend. We are proud to be able to continue our strong history of dividends, as it demonstrates the long-term financial strength of The Andover Bank."