form8k-102687_ssfn.htm

0000914317-09-001860.txt : 20090918 0000914317-09-001860.hdr.sgml : 20090918 20090918093143 ACCESSION NUMBER: 0000914317-09-001860 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090916 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090918 DATE AS OF CHANGE: 20090918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEWARDSHIP FINANCIAL CORP CENTRAL INDEX KEY: 0001023860 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 223351447 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33377 FILM NUMBER: 091075701 BUSINESS ADDRESS: STREET 1: 630 GODWIN AVE CITY: MIDLAND PARK STATE: NJ ZIP: 07432 BUSINESS PHONE: 2014447100 MAIL ADDRESS: STREET 1: 630 GODWIN AVE CITY: MIDLAND PARK STATE: NJ ZIP: 07432 8-K 1 form8k-102687_ssfn.htm FORM 8-K form8k-102687_ssfn.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)	September 16, 2009



Stewardship Financial Corporation
(Exact Name of Registrant as Specified in its Charter)

New Jersey	0-21855	22-3351447
(State or Other Jurisdiction of	(Commission	(IRS Employer
Incorporation)	File Number)	Identification No.)

630 Godwin Avenue, Midland Park, NJ		07432
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code	(201) 444-7100


__________________________________________________
(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17CFR230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))

Item 8.01. Other Events

On September 16, 2009, Stewardship Financial Corporation issued a press release announcing a $0.095 per share cash dividend to common stockholders of record on October 15, 2009, payable November 2, 2009. The corporation also announced a 5% stock dividend to common stockholders of record on October 15, 2009, payable November 16, 2009. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

(d)

The following exhibit is furnished pursuant to Item 8.01.

Exhibit No.		Description

Exhibit 99.1		Press Release dated September 16, 2009

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:	September 18, 2009	Stewardship Financial Corporation

		/s/	Claire M. Chadwick
			Claire M. Chadwick
			Senior Vice President and
			Chief Financial Officer

EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm

EXHIBIT 99.1

	For Immediate Release
	September 16, 2009

	Contact:	Mary Beth Steiginga
		630 Godwin Avenue
		Midland Park, NJ 07432
		201-444-7100

PRESS RELEASE

STEWARDSHIP FINANCIAL CORPORATION

DECLARES CASH AND STOCK DIVIDENDS

Midland Park, NJ – September 16, 2009 - The Board of Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.095 per share cash dividend. Common stockholders of record as of October 15, 2009 will be paid the dividend on November 2, 2009. This represents a 5.0 percent increase over the fourth quarter cash dividend paid in 2008, as adjusted for the 5 percent stock dividend paid in November 2008.

The Board also declared a 5 percent stock dividend to stockholders of record date October 15, 2009, payable November 16, 2009.

In announcing the two dividends, Chairman William C. Hanse stated, “The cash dividend is our fourth quarterly cash dividend to be paid in 2009 and our forty-eighth consecutive cash dividend. The stock dividend represents the twelfth annual stock dividend paid by Stewardship Financial Corporation since 1998.” Paul Van Ostenbridge, President and Chief Executive Officer continued, “We are pleased to recognize shareholders with these dividends. The banking environment continues to be challenging. Our management team remains diligent and is appropriately addressing all challenges encountered.”

Stewardship Financial Corporation’s subsidiary, Atlantic Stewardship Bank, has 13 banking offices in Midland Park, Hawthorne (2 offices), Montville, North Haledon, Ridgewood, Pequannock, Waldwick, Wayne (3 offices), Westwood and Wyckoff, New Jersey. Atlantic Stewardship Bank, opened in 1985, is a community bank serving individuals and businesses, and is well known for tithing 10 percent of its pre-tax profits to Christian and local charitable organizations. Please visit our website at www.asbnow.com or call 201-444-7100 for information regarding our products and services.