VERNON, N.J.--(BUSINESS WIRE)--The Board of Directors of Highlands Bancorp, Inc. (OTCQB:HSBK) parent company of Highlands State Bank, announced that it has declared a cash dividend of $0.01 per common share. The dividend is payable on March 1, 2014 to common shareholders of record on February 15, 2014.
George E. Irwin, CEO commented, “Over the last several years, our capital position, growth, asset quality and profitability have all continued to improve. As a result of this continuing progress, we are pleased to be able to declare our first quarterly dividend to our loyal shareholders.”
Highlands Bancorp, Inc. is the parent company of Highlands State Bank. The Bank provides full service commercial banking products through four offices in Sussex and Passaic Counties in Northern New Jersey. Service is also provided through a range of electronic and mobile products including remote deposit capture, internet banking, bill payment and cash management, mobile banking applications and advanced ATM’s.
This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company’s control and could impede its ability to achieve these goals. These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, and results of regulatory exams, among other factors.