Dimeco, Inc. Declares Cash Dividend


The Board of Directors of Dimeco, Inc. (NASDAQ: DIMC) recently declared a dividend of $0.36 per share for the second quarter of 2010.  The dividend is payable on July 20, 2010, to shareholders of record June 30, 2010.

Gary C. Beilman, president and chief executive officer of Dimeco, Inc. and The Dime Bank commented, “Our trends are positive in the fact that net income was up during the first quarter of 2010 compared to that of the same period last year and during the same period we continued to grow our assets rather significantly. Despite the challenging economic times our country is experiencing, our Board felt strongly about making a positive statement to those who are the backbone of Dimeco, and this dividend is our way of saying thank you for their investment in us. We are resolute in our dedication to our stockholders who place their trust and confidence in Dimeco, Inc.”

Dimeco, Inc. reported first quarter 2010 assets of $553 million, loans of $408 million and deposits of $457 million.  The Dime Bank, a wholly owned subsidiary of Dimeco, Inc., serves Wayne and Pike counties in Pennsylvania and Sullivan County, New York.  The Bank offers a full array of financial services ranging from traditional products to electronic banking and Trust and Investment Services.  For more information on The Dime Bank, visit www.thedimebank.com.

SOURCE: Dimeco, Inc. / June 16, 2010 / Deborah Unflat