DOWNINGTOWN, Pa. - Chester Valley Bancorp declared a 5% stock dividend and its regular quarterly cash dividend of 8 cents, both payable Sept. 24 to shareholder of record on Sept. 10.

The company said the cash dividend was based on the $419,000 earnings of Chester Valley, parent company of First Financial Savings Bank, for the quarter ended June 30 and would be Paid on shares held before issuance of the stock dividend.

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