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Westfield Financial Reports Drop In Profits, Declares Dividend

Jan 26, 2011 | Reprints | Unlock Link | Print

Westfield Financial Inc., the holding company for Westfield Bank, reported net income of $1.3 million for the quarter ended Dec. 31, 2010, compared to $1.9 million in net income for the same period in 2009.

For the year ended Dec. 31, 2010, net income was $3 million, down from $5.5 million during the same period in 2009.

The board of directors declared a regular cash dividend of 6-cents per share payable on Feb. 23 to all shareholders of record on Feb. 9.

Banking & Lending