MINEOLA, Texas - Texas Community Bancshares, Inc. (NASDAQ:TCBS), the parent company of Broadstreet Bank, SSB, announced on Wednesday an increase in its quarterly cash dividend to $0.04 per share of common stock. This marks the second dividend increase since the company initiated dividend payments in March 2023. Eligible stockholders on record by March 14, 2024, will receive the dividend on or about March 28, 2024.
The financial institution, which operates seven branches in northeast Texas, has a history dating back to 1934. Starting as a Savings and Loan Association with just over $4,000 in assets, Broadstreet Bank has grown into a community-focused bank with assets totaling approximately $448 million. The bank offers a range of services including personal and business banking, as well as residential and commercial real estate lending.
This dividend announcement follows the company's strategy of returning value to its shareholders. It reflects the bank's financial health and commitment to its stockholders. The bank's steady growth over the years has positioned it as a significant player in the region's financial sector.
Investors and customers can find more information about Broadstreet Bank and Texas Community Bancshares, Inc. on the bank's website. The news of the dividend increase is based on a press release statement from the company.
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