Progress Financial Corporation Declares Dividend
Progress Financial Corporation, the parent company of Progress Bank, today announced that its Board of Directors has declared a special one-time cash dividend of $0.18 per share. Approved at the January Board Meeting, the dividend will be payable on February 14, 2020, to shareholders of record at the close of business on January 31, 2020.
“We are committed to bringing value to our shareholders. The bank is performing soundly and we are pleased to be able to increase our dividend for the 3rd year in a row,” said Chairman of the Board of Directors, Charlie Vaughn.
“Over the past 12 years, we have had the loyal support of our shareholders and believe this has led to the continued growth of our organization,” said David Nast, President and CEO.
Progress Bank was opened in February of 2008 and has grown to over $1.2 billion in total assets. The bank has 9 banking offices in Alabama and Florida. Progress also operates mortgage and financial services divisions that create a full-service banking experience for its clients.