LANSING, Mich. -- CFSB Bancorp, holding company for Community First Bank, has declared its 14th consecutive quarterly cash dividend.
The 11 cent dividend represents a 10% increase over the previous quarter's 10 cents and increases the annual rate to 44 cents from 40 cents.
Robert H. Becket, president, attributed the dividend increase to the company's continued strong earnings.
The cash dividend of 11 cents per share is payable on July 15 to stockholders of record as of June 30.
Community First Bank specializes in residential mortgage lending and retail banking services.
The bank serves mid-Michigan from 18 branch locations.
Community First's assets totaled $674 million.
