FOR MORE INFORMATION FOR IMMEDIATE RELEASE Contact James B. Mitchell Date: July 23, 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 third quarter of fiscal 2003. The dividend will be payable on August 22, 2003 to shareholders of record on August 8, 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 June 30, 2003, First Federal exceeded all applicable regulatory capital requirements on a fully phased-in basis. The Corporation had $158.5 million in assets and $15.2 million in stockholders' equity as of June 30, 2003. The Corporation's stock is traded on the Bulletin Board under the symbol "FFSL.OB".
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