Click Cover to Read Digital Edition

AVAILABLE IN THE APP STORE
iPAD APP
iPHONE APP

UPCOMING EVENTS

 
Card Forum & Expo
April 22-25
Hilton Orlando Bonnet Creek
Orlando, Fla.
 
EMERGE: The Forum on Consumer Financial Services Innovation
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
Digital Banking Summit
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
2014 RDC Summit
Sept. 30 - Oct. 2
Las Vegas
 
ATM, Debit & Prepaid Forum
October 19-22
JW Marriott Desert Ridge
Phoenix
 
Money2020
November 2-6
Aria
Las Vegas
More events >  

Share |

Print Friendly and PDF

Redwood Financial Announces Special Cash Dividend

 

Nov 16 - Dean K. Toft, president of Redwood Financial Inc. (OTC BB: REDW), the holding company of HomeTown Bank, has announced that the board of directors of the company declared a special cash dividend of 25 cents per share, payable on Dec. 5, 2012, to stockholders of record on Nov. 21, 2012. Toft said that the continued profitability and capital strength of the bank allowed the board of directors to declare this special dividend. Toft further said that it is not the intention of the board of directors to declare regular quarterly dividends but that the board will continue to assess the earnings and capital position of the company and the bank at various times to determine if future special dividends will be declared.

The bank is a federally chartered thrift organization headquartered in Redwood Falls, Minn., and has branch offices in Redwood Falls, Olivia, St. Peter, Cleveland, Le Sueur, Henderson and Jordan, all in Minnesota. The bank was founded in 1924.

 


Back