At its July meeting, the board of directors of Progress Financial Corporation, the parent company of Progress Bank, approved a special cash dividend of $0.16 per share. The dividend will be payable on July 27, 2022, for shareholders of record as of July 8, 2022.
“We are proud of everything Progress Bank has accomplished in its almost 15 year history. We are pleased to pay this dividend to our shareholders, and we look forward to keeping our clients’ needs top priority,” said David Nast, President and CEO.
“The Board is very pleased with this dividend to return additional value to our shareholders,” said Chairman of the Board of Directors, Charlie Vaughn.
Progress Bank opened in February of 2008 and has grown to more than $1.8 billion in total assets with 13 branch locations in Alabama and Florida. Progress Bank also operates mortgage and financial services divisions that create a full-service banking experience for its clients.