Banking & Finance

First Niles Declares Five Cents Cash Dividend

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

The dividend will be payable Dec. 22 to shareholders of record Dec. 8, the bank holding company announced Thursday. FNFI is the parent company of Home Federal Savings and Loan Association of Niles.

First Niles had $95.6 million in assets and $12.4 million in stockholders’ equity as of Sept. 30. The stock of First Niles is quoted on the OTC Pink under the symbol “FNFI.”

First Niles had a third-quarter net income of $143,000, or 13 cents per share.

Published by The Business Journal, Youngstown, Ohio.