First Niles Declares Dividends for Stockholders

NILES, Ohio – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has declared a 6-cent cash dividend on common stock.

The Niles-based bank also declared a 7-cent dividend on preferred class A stock.

The dividends will be payable on Dec. 20 to shareholders of record as of Dec. 6.

First Niles had $95.8 million in assets and $13 million in stockholders’ equity at the end of the third quarter.

In the third quarter, the bank reported net income of $161,000.

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