MNB Corporation Declares 1st Quarter 2018 Cash Dividend
MNB Corporation (MNBC), parent company of Merchants Bank of Bangor, PA, announced the declaration of a quarterly cash dividend of $.20 per share to be paid on May 8, 2018 to shareholders of record as of May 2, 2018. This represents an increase of $.01 over the previous quarter and $.02 over the same quarter in 2017.
The dividend is based on the 1st quarter 2018 financial performance of MNB Corporation, whereby net income totaled $837,000 or $0.74 per share as compared to $572,000 or $0.50 during the same period in 2017.
MNB Corporation’s sole subsidiary is Merchants Bank. Established in 1890, the Bank is a locally owned and operated community bank. Headquartered in Bangor, PA, Merchants Bank has nine branch offices located within Northampton County. The Bank’s website can be accessed at www.merchantsbangor.com.