First Defiance to pay 5 cents on dividend

11/8/2011

EDITOR'S NOTE: This version removes incorrect information regarding dividend payments.

DEFIANCE — First Defiance Financial Corp., a Defiance banking company that owns First Federal Bank of the Midwest, declared a cash dividend Monday of 5 cents a share, payable Dec. 1 to holders of record on Nov. 15.

Chief Executive William Small said the decision to pay the dividend was made after careful consideration. The company intends to pay dividends, he said, “but we must be prudent in our dividend policy and react to changes in the economic and regulatory environment.”