Stewardship Financial Corporation (NASDAQ:SSFN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Stewardship Financial Corporation (NASDAQ:SSFN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 21, 2017, Robert Turner, a director of Stewardship Financial Corporation (the “Corporation”) since 1997, announced that he will retire from the Board of Directors of the Corporation and from the office of Secretary of the Corporation effective May 16, 2017. Mr. Turner was serving a three year term as a director of the Corporation through and until the Corporation’s annual meeting in 2018. The Corporation intends to fill the office of Secretary and the vacancy on its Board of Directors resulting from Mr. Turner’s resignation and expects that his replacement on the Board of Directors would serve as a director of the Corporation until the Corporation’s 2018 annual meeting of shareholders. Mr. Turner’s resignation was not the result of any disagreement with the Corporation.
Concurrently with his resignation as a director of the Corporation, Mr. Turner will resign from the board of directors of the Corporation’s wholly-owned subsidiary Atlantic Stewardship Bank, for which he has served as a director since 1985.
About Stewardship Financial Corporation (NASDAQ:SSFN)
Stewardship Financial Corporation is a one-bank holding company for Atlantic Stewardship Bank (the Bank). The Company’s principal business is the ownership and supervision of the Bank. The Company, through the Bank, conducts commercial banking business and offers deposit services, including personal and business checking accounts and time deposits, money market accounts and regular savings accounts. It engages in a range of lending activities and offers commercial, consumer, residential real estate, home equity and personal loans. Its investment portfolio has been classified as securities held to maturity and securities available-for-sale. Its primary sources of funds are deposits, amortization and prepayments of loans and mortgage-backed securities, maturities of investment securities and funds provided by operations. The Bank’s subsidiaries include Stewardship Investment Corporation, Atlantic Stewardship Insurance Company, LLC and Stewardship Realty, LLC, among others. Stewardship Financial Corporation (NASDAQ:SSFN) Recent Trading Information
Stewardship Financial Corporation (NASDAQ:SSFN) closed its last trading session up +0.15 at 9.10 with 959 shares trading hands.
Stewardship Financial Corporation is a one-bank holding company for Atlantic Stewardship Bank (the Bank). The Company’s principal business is the ownership and supervision of the Bank. The Company, through the Bank, conducts commercial banking business and offers deposit services, including personal and business checking accounts and time deposits, money market accounts and regular savings accounts. It engages in a range of lending activities and offers commercial, consumer, residential real estate, home equity and personal loans. Its investment portfolio has been classified as securities held to maturity and securities available-for-sale. Its primary sources of funds are deposits, amortization and prepayments of loans and mortgage-backed securities, maturities of investment securities and funds provided by operations. The Bank’s subsidiaries include Stewardship Investment Corporation, Atlantic Stewardship Insurance Company, LLC and Stewardship Realty, LLC, among others. Stewardship Financial Corporation (NASDAQ:SSFN) Recent Trading Information
Stewardship Financial Corporation (NASDAQ:SSFN) closed its last trading session up +0.15 at 9.10 with 959 shares trading hands.
