Exhibit 99.1
FEDERAL TRUST CORPORATION
ANNOUNCES THIRD QUARTER DIVIDEND
Sanford, Florida (PR Newswire) –July 23, 2004–James V. Suskiewich, President and Chief Executive Officer of Federal Trust Corporation announced today that the Board of Directors approved the payment of a $.02 per share cash dividend on the Company’s common stock. “The Company reported its best earnings ever for the second quarter of 2004, and the Board wanted the shareholders to be able to share in these results while retaining the rest of the earnings to support our branch expansion activities,” stated Chairman Suskiewich. The dividend will be paid to shareholders of record as of August 3, 2004, and will be distributed on August 18, 2004.
Federal Trust Corporation is a unitary thrift holding company and is the parent company of Federal Trust Bank, a $510 million federally-chartered, FDIC-insured savings bank. Federal Trust Bank operates from six full-service offices in Florida that are located in Orange, Seminole and Volusia Counties. The Executive and Administrative Offices of the Company are located in Sanford, Florida. The Company’s common stock is traded on the American Stock Exchange under the symbol “FDT”.
Press Releases and other information about Federal Trust Corporation can be found on the PR Newswire at http://www.prnewswire.com
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For more information, contact: | | Marcia Zdanys, |
| | | Corporate Secretary/Investor Relations |
| | | (407) 323-1833 |
FEDERAL TRUST CORPORATION
312 West First Street
Sanford, Florida 32771
