FOR MORE INFORMATION FOR IMMEDIATE RELEASE Contact James B. Mitchell Date: October 17,2003 Vice President & CFO at (620) 331-1660
FIRST INDEPENDENCE CORPORATION DECLARES CASH DIVIDEND
INDEPENDENCE, KANSAS -- First Independence Corporation, parent of First Federal Savings and Loan Association of Independence, has announced that the Corporation will pay a cash dividend of $.1375 per share for the fourth quarter of fiscal 2003. The dividend will be payable on November 21, 2003 to shareholders of record on November 7, 2003. First Independence Corporation was formed in 1993 and acquired all of the shares of First Federal Savings and Loan Association of Independence upon its conversion from a mutual to a stock savings and loan association effective October 5, 1993. First Federal serves Montgomery, Wilson, Crawford and Chautauqua, Counties located in Southeast Kansas through its offices located in Independence, Coffeyville, Pittsburg and Neodesha, Kansas. In addition to the four full service branches, First Federal has a loan production office located in Lawrence, Kansas. At September 30, 2003, First Federal exceeded all applicable regulatory capital requirements on a fully phased-in basis. The Corporation had $159.3 million in assets and $15.1 million in stockholders' equity as of September 30, 2003. The Corporation's stock is traded on the OTC Bulletin Board under the symbol "FFSL.OB".
|
