HopFed Bancorp, Inc. announced Wednesday that its Board of Directors has declared a cash dividend. The $.23 per share cash dividend will be paid on June 17 to stockholders of record as of June 3, 2019.
Back in January, Heritage Bank HopFed Bancorp announced a merger with First Financial Corporation of Terre Haute, Indiana. The merger was unanimously approved by the boards of both companies. At that time, President and CEO John Peck said HopFed Bancorp Board of Directors felt it was an appropriate time to enter into a merger.
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Peck noted customers would see the transition occur in the second quarter of this year.
HopFed Bancorp, Inc., is a holding company of Heritage Bank USA headquartered in Hopkinsville, which has approximately $905 million in consolidated assets. The bank has eighteen branch offices in western Kentucky and middle Tennessee. First Financial has assets of $3 billion and operates 65 banking centers in east-central Illinois and west-central Indiana through First Financial Bank.
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