Banking & Finance

First Niles Declares Five Cents Cash Dividend

NILES, Ohio — Directors of First Niles Financial Inc. have declared a cash dividend of five cents per share on common stock and six cents per share on preferred class A stock for the second quarter.

The dividend is payable June 22 to shareholders of record June 8, the bank holding company announced Thursday.

FNFI is the parent company of Home Federal Savings and Loan Association of Niles.

First Niles had $100.1 million in assets and $11.6 million in stockholders’ equity as of March 31, 2018. The stock of First Niles is quoted on the OTC Pink under the symbol “FNFI.”

Published by The Business Journal, Youngstown, Ohio.