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First Advantage Bancorp announces 43 percent increase in Quarterly Cash Dividends

 

First Advantage BancorpClarksville, TN – The Board of Directors of First Advantage Bancorp (OTC QB: FABK), the holding company of First Advantage Bank, has declared an increase in quarterly dividends paid to shareholders to $0.10.

The change represents a 43 percent increase from the previous dividend rate of $0.07. The higher dividend represents a 4% annual return on the original $10/share price.

The cash dividend will be paid on or about February 16th, 2015 to shareholders of record on February 5th, 2015.

“The Board is pleased to increase the dividends to the shareholders who have invested in our organization, reflecting our continued growth and performance. We are confident that our strategy will continue to help leverage our capital to further build shareholder value,” said CEO Earl Bradley.

First Advantage Bancorp became publicly traded in 2007 and has paid quarterly dividends on common shares since 2008.

First Advantage Bank operates seven full-service banking centers in Clarksville, Nashville, and Franklin, and offers an array of business banking, personal banking, and mortgage products and services.

For more information about First Advantage Bank, visit www.firstadvantagebanking.com


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