ESSA Bancorp
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Date: March 6, 2009
Contact: Gary S. Olson, President & CEO
Corporate Office: 200 Palmer Street
Stroudsburg, Pennsylvania 18360
Telephone: (570) 421-0531
ESSA BANCORP, INC. ANNOUNCES DIVIDEND,
PAYMENT TO STOCKHOLDERS
Stroudsburg, Pennsylvania, March 6, 2009 -- ESSA Bancorp, Inc. (the "Company")
(NASDAQ Global MarketSM "ESSA") today announced the payment of a quarterly cash
dividend of $0.04 per share of the Company's common stock. The dividend will be
payable to stockholders of record as of March 16, 2009, and will be paid on
March 30, 2009.
"ESSA's conservative, community-minded approach to banking has allowed us to
continue to produce solid results," said Gary S. Olson, President and Chief
Executive Officer of the Company. "We are very pleased to be in a position to
offer our investors a dividend."
ESSA Bancorp, Inc. is the holding company for ESSA Bank & Trust, which has total
assets of over $980 million and is the leading service-oriented financial
institution head-quartered in the greater Pocono, Pennsylvania region. The Bank
maintains its corporate headquarters in downtown Stroudsburg, Pennsylvania and
has 13 community offices throughout the Pocono, Pennsylvania area. In addition
to being one of the region's largest mortgage lenders, ESSA Bank & Trust offers
a full range of retail and commercial financial services. ESSA Bancorp, Inc.
stock trades on the NASDAQ Global MarketSM under the symbol "ESSA."
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Corporate Center: 200 Palmer Street, PO Box L, Stroudsburg, PA 18360-0160
Phone: 570-421-0531, Fax: 570-421-7158
Forward-Looking Statements
Certain statements contained herein are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements may be
identified by reference to a future period or periods, or by the use of
forward-looking terminology, such as "may," "will," "believe," "expect,"
"estimate," "anticipate," "continue," or similar terms or variations on those
terms, or the negative of those terms. Forward-looking statements are subject to
numerous risks and uncertainties, including, but not limited to, those related
to the economic environment, particularly in the market areas in which the
Company operates, competitive products and pricing, fiscal and monetary policies
of the U.S. Government, changes in government regulations affecting financial
institutions, including regulatory fees and capital requirements, changes in
prevailing interest rates, acquisitions and the integration of acquired
businesses, credit risk management, asset-liability management, the financial
and securities markets and the availability of and costs associated with sources
of liquidity.
The Company wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. The Company
wishes to advise readers that the factors listed above could affect the
Company's financial performance and could cause the Company's actual results for
future periods to differ materially from any opinions or statements expressed
with respect to future periods in any current statements. The Company does not
undertake and specifically declines any obligation to publicly release the
result of any revisions, which may be made to any forward-looking statements to
reflect events or circumstances after the date of such statements or to reflect
the occurrence of anticipated or unanticipated events.
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