FIRST ADVANTAGE BANCORP ANNOUNCES 40% INCREASE IN
QUARTERLY CASH DIVIDENDS
CLARKSVILLE, Tenn. – The Board of Directors of First Advantage Bancorp (Nasdaq: FABK), the holding company of First Advantage Bank, has declared an increase in quarterly dividends paid to shareholders to $0.07. The change represents a 40 percent increase from the previous dividend rate of $0.05.
The cash dividend will be paid on February 15, 2013 to shareholders of record on February 1, 2013.
“The Board is pleased to deliver a return to the shareholders who have invested in our organization, reflecting our performance in 2012. We are confident that our continued strong financial performance and growth strategy will help leverage our capital to build shareholder value,” said First Advantage Bancorp Director and First Advantage Bank CEO Earl Bradley.
First Advantage Bancorp became publicly traded in 2007 and has paid quarterly dividends on common shares since 2008.