MILWAUKEE, Wis., May 6, 2014 /PRNewswire/ -- Bank Mutual is pleased to announce its election of Lisa A. Mauer to Bank Mutual Corporation's board of directors for a three year term ending in 2017. Ms. Mauer currently serves as Senior Vice President of Regional Development at BlackHawk Industrial Distribution, Inc. Prior to BlackHawk, Ms. Mauer served as the Chief Executive Officer and President of Tool Service Corporation as well as the Chairman and Owner of Tool Fabrication Corporation and Fluid Service Corporation, affiliate organizations. She also serves as a Board Member of Acuity Insurance, Wisconsin Economic Development Corporation, and several local nonprofit organizations. "We are pleased to have Ms. Mauer on our board as she has demonstrated superior leadership in the local community through her position at BlackHawk and a variety of other institutions," said David A. Baumgarten, President and CEO of Bank Mutual Corporation. "She is a consummate professional who will bring a depth of experience in the local manufacturing sector, which of course is invaluable as the Commercial & Industrial and Investment Real Estate divisions of Bank Mutual continue to grow. Additionally, her experience in business consolidations is something we would leverage tremendously as we seek out acquisition opportunities to grow our bank in 2014 and beyond." "We are always looking to add the right talent to our board," said Michael Crowley, Jr., Chairman of the Board of Bank Mutual Corporation, "and Lisa is a great fit. She is someone who will support our mission to provide financial solutions that help strengthen Wisconsin businesses. We are very enthusiastic to have her join the Bank Mutual Corporation board." "I am so pleased to join the board of directors of the holding company for the largest bank headquartered in Milwaukee which has such a long, successful history in Wisconsin," said Lisa Mauer. She continued, "When I was presented with the opportunity, I knew it was a perfect fit. Bank Mutual Corporation is well-capitalized and has a strong vision for the future that continues to grow and show exceptional strength, especially in the commercial lending area." Also at the meeting, directors David C. Boerke, Robert B. Olson, and David A. Baumgarten were re-elected for three year terms ending in 2017. Bank Mutual Corporation is traded on The NASDAQ Global Select Market SM under the symbol "BKMU." The Company is headquartered in the state of Wisconsin, with assets at March 31, 2014 of $2.3 billion. Its subsidiary bank, Bank Mutual,operates 75 offices in the state of Wisconsin and one office in Minnesota.
Looking at the universe of stocks we cover at Dividend Channel, on 2/11/15, Bank Mutual Corp will trade ex-dividend, for its quarterly dividend of $0.04, payable on 2/27/15. As a percentage of BKMU's recent stock price of $7.02, this dividend works out to approximately 0.57%, so look for shares of Bank Mutual Corp to trade 0.57% lower — all else being equal — when BKMU shares open for trading on 2/11/15.