DALLAS, TEXAS : StockGuru announces that Sturgis Bancorp Inc. (OTCBB: STBI) is in the StockGuru Spotlight. Sturgis Bancorp is the holding company for Sturgis Bank & Trust Company, and its subsidiaries Oakleaf Financial Services, Inc. and Oak Mortgage, LLC. Sturgis Bancorp provides a full array of trust, commercial and consumer-banking services from 11 banking centers in Sturgis, Bronson, Centreville, Climax, Colon, South Haven, Three Rivers and White Pigeon, Mich. Oakleaf Financial Services offers a complete range of investment and financial-advisory services.
On Thursday, the company put out news announcing that its Board of Directors has declared a cash dividend of $0.01 per common share, payable June 15, 2011 to stockholders of record May 13, 2011. In making this announcement, Eric L. Eishen, President and CEO, noted that the payment marks the 86th consecutive quarter that Sturgis Bancorp, Inc. or Sturgis Bank & Trust Company, its predecessor, has paid a cash dividend.
Shares for Sturgis Bancorp Inc. were up during the late afternoon of trading on Thursday and closed up six cents at closing.
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