LINCOLN PARK, N.J.,
March 15, 2012 /PRNewswire/ --
Lincoln Park Bancorp (OTC Bulletin Board: LPBC), today announced
that the Company has declared a semi annual cash dividend of
$0.06 per share of the Company's
common stock. The dividend will be payable to stockholders of
record as of March 28, 2012 and will
be paid on April 4, 2012.
The Company is the majority-owned subsidiary of Lincoln Park
Bancorp, MHC, a federal mutual holding company, which owns 56%
percent of the Company's outstanding shares. Lincoln Park Bancorp,
MHC has filed a regulatory notice of its intention to waive the
receipt of dividends paid on its shares of the Company, which has
been approved by the Federal Reserve by letter dated March 7, 2012.
Lincoln Park Bancorp is the parent corporation for Lincoln Park
Savings Bank, a New Jersey
chartered savings bank headquartered in Lincoln Park, New Jersey. The Bank's deposits
are insured by the Federal Deposit Insurance Corporation.
www.lincolnparksavings.com
Contact: David G. Baker,
President
and Chief Executive Officer
Lincoln Park Bancorp
Telephone: (973) 694-0330
SOURCE Lincoln Park Bancorp