First Niles Financial Declares 5-Cent Dividend

NILES, Ohio --  First Niles Financial, Inc., parent company of Home Federal Savings and Loan Association of Niles, will pay a cash dividend of 5 cents per share on common stock and 6 cents per share on preferred class A stock for the second quarter of 2014. The dividend is payable June 20 to shareholders of record June 6. 

Home Federal primarily serves the Niles area.  At March 31,  Home Federal exceeded all its applicable regulatory capital requirements, said its president, Lawrence Safarek.

First Niles had $97 million in assets and $11million in stockholders’ equity as of March 31.  The stock of First Niles is quoted on the OTCQB under the symbol “FNFI”.

SOURCE: First Niles Financial Inc.

Published by The Business Journal, Youngstown, Ohio.
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