Andover, Ohio -- Stephen E. Varckette, President of Andover Bancorp, Inc., the holding company of Andover Bank, announced that on January 3, 2022, the company paid a dividend of $0.37 per share for the second half of 2021.
 
This dividend, added to the first half dividend of $0.37, reflects a total dividend declared in 2021 of $0.74 per share, for an increase of 0.68% over the $0.735 dividend declared in 2020.
 
In making the announcement, Varckette added, "This is the 39th consecutive year of paying a dividend. We are very proud to be able to continue our strong history of dividends, as it demonstrates the long-term financial strength of Andover Bank."

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Founded in 1884, Andover Bank is an independent community bank serving individuals and businesses throughout northeast Ohio and northwest Pennsylvania. It operates 10 banking centers and provides a full range of financial products and services, including consumer, mortgage and commercial loans; checking and savings accounts: certificates of deposit; and IRAs. To learn more, visit www.andover.bank.