Banking & Finance

First Niles Financial Declares Dividends

NILES, Ohio — First Niles Financial Inc. announced a cash dividend of three cents per share on common stock and four cents per share on preferred class A stock for the most recent quarter.

The dividend will be payable March 24 to shareholders of record March 10, the bank holding company announced Friday. FNFI is the parent company of Home Federal Savings and Loan Association of Niles.

First Niles had $97.5 million in assets and $11.8 million in stockholders’ equity as of Dec. 31. The stock of First Niles is quoted on the OTC Pink under the symbol “FNFI.”

Home Federal primarily serves the Niles area. At Dec. 31, Home Federal exceeded all its applicable regulatory capital requirements, the company reported in its release.

Published by The Business Journal, Youngstown, Ohio.