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Northway Financial, Inc.: Northway Financial, Inc. Announces Second Quarter Dividend

^{Published on 2009-07-30 05:28:29, Last Modified on 2009-07-30 05:28:37 - Market Wire}
 

BERLIN, NH--(Marketwire - July 30, 2009) - On July 29, 2009 the Board of Directors of Northway Financial, Inc. (the "Company") (OTCBB: [ NWYF ]) declared a 1.5% stock dividend, payable on August 17, 2009 to stockholders of record on August 7, 2009.

Fractional shares will be paid in cash. The cost basis for fractional share payouts will be calculated using the average closing price of the Company's stock for the last ten days on which there were trades immediately preceding the record date.

Northway Financial, Inc. and its subsidiary bank Northway Bank (the "Bank") are headquartered in Berlin, New Hampshire. The Bank, an FDIC insured State chartered bank, operates from 18 banking centers located throughout the central and northern regions of New Hampshire.