DEFIANCE, Ohio, Feb. 7, 2012 /PRNewswire/ -- First Defiance Financial Corp. (NASDAQ: FDEF) announced today that its Board of Directors has received permission from regulators to pay a cash dividend of $0.05 per common share payable March 1, 2012 to shareholders of record at the close of business on February 15, 2012. The dividend represents an annual dividend of 1.15 percent based on First Defiance common stock closing price on February 6, 2012. First Defiance Financial Corp. is the holding company for First Federal Bank of the Midwest and First Insurance Group of the Midwest, Inc. First Federal Bank is a community bank serving northwest Ohio, southeast Michigan and northeast Indiana where it currently operates 33 banking centers. First Insurance Group is a full line insurance agency with six offices in northwest Ohio. First Defiance has approximately 9,726,243 common shares outstanding. SOURCE First Defiance Financial Corp.