LINCOLN PARK, N.J., March 15, 2012 /PRNewswire/ -- Lincoln Park Bancorp (OTC Bulletin Board: LPBC), today announced that the Company has declared a semi annual cash dividend of $0.06 per share of the Company's common stock. The dividend will be payable to stockholders of record as of March 28, 2012 and will be paid on April 4, 2012.
The Company is the majority-owned subsidiary of Lincoln Park Bancorp, MHC, a federal mutual holding company, which owns 56% percent of the Company's outstanding shares. Lincoln Park Bancorp, MHC has filed a regulatory notice of its intention to waive the receipt of dividends paid on its shares of the Company, which has been approved by the Federal Reserve by letter dated March 7, 2012.
Lincoln Park Bancorp is the parent corporation for Lincoln Park Savings Bank, a New Jersey chartered savings bank headquartered in Lincoln Park, New Jersey. The Bank's deposits are insured by the Federal Deposit Insurance Corporation.
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