Lincoln Park Bancorp Announces Dividend
January 29 2010 - 5:00PM
PR Newswire (US)
LINCOLN PARK, N.J., Jan. 29 /PRNewswire-FirstCall/ -- Lincoln Park
Bancorp (OTC:LPBC) (BULLETIN BOARD: LPBC) , today announced that
the Company has declared a special cash dividend of $0.05 per share
of the Company's common stock. The dividend will be payable to
stockholders of record as of February 25, 2010, and will be paid on
March 11, 2010. The Company is the majority-owned subsidiary of
Lincoln Park Bancorp, MHC, a federal mutual holding company, which
owns 54% 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 notice is currently pending with the Office of Thrift
Supervision. 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. Contact:
David G. Baker, President and Chief Executive Officer Lincoln Park
Bancorp Telephone: (973) 694-0330 DATASOURCE: Lincoln Park Bancorp
CONTACT: David G. Baker, President and Chief Executive Officer,
Lincoln Park Bancorp, +1-973-694-0330 Web Site:
http://www.lincolnparksavings.com/
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