Press Release
FOR IMMEDIATE RELEASE
| Contact: | Michele M. Thompson |
| President and Chief Financial Officer | |
| Telephone: | (219) 362-7511 |
| Fax: | (219) 326-6048 |
LAPORTE BANCORP, INC.
ANNOUNCES QUARTERLY CASH DIVIDEND
June 24, 2016, LaPorte Bancorp, Inc. (NASDAQ Capital: LPSB) today announced that its Board of Directors declared on June 24, 2016 a quarterly cash dividend of $0.04 per common share. The dividend will be paid on or about July 15, 2016 to stockholders of record as of the close of business on July 7, 2016. This represents a dividend yield of 1.0% based on the price per share of $16.15 at the close of markets on June 23, 2016, the business date prior to which the Board approved the dividend.
LaPorte Bancorp, Inc. is a Maryland-chartered stock holding company. The Company is headquartered at 710 Indiana Avenue, LaPorte, Indiana. Founded in 1871, The LaPorte Savings Bank is an Indiana-chartered savings bank that operates seven full service locations in the LaPorte and Porter County regions in Northwest Indiana and a mortgage loan production office in St. Joseph, Michigan. As a community-oriented savings bank, the Bank offers a variety of deposit and loan products to individuals and small businesses. Investors may obtain additional information about LaPorte Bancorp, Inc. and the Bank on the Internet at www.thelpsb.com under Investor Relations.