Community First Bank Announces Stock Dividend

SOMERSET, N.J.--(BUSINESS WIRE)--The Board of Directors of Community First Bank has authorized payment of a 10% stock dividend, according to Peter G. Schoberl, Chairman of the Board. Shareholders of record on April 26, 2013 will receive one share of stock for each ten shares they own, payable on May 8, 2013 pending regulatory approval. This is the third consecutive stock dividend for Community First Bank, which opened in October 2008.

“We are pleased to issue this dividend to our shareholders in appreciation of their support and loyalty. Satisfied shareholders are the cornerstone to the success and growth of our Bank.”

“The Board carefully considered this action and has determined that issuing the stock dividend was appropriate based on the Bank’s performance,” stated Schoberl. “We are pleased to issue this dividend to our shareholders in appreciation of their support and loyalty. Satisfied shareholders are the cornerstone to the success and growth of our Bank.”

Community First Bank’s main office is located at 408 Elizabeth Avenue in Somerset, NJ with a branch in Springfield, NJ.