First Freedom Announces Stock Dividend
Lebanon, TN – John Lancaster, Chairman of the Board and Chief Executive Officer of First Freedom Bancshares, Inc, announced the Board of Directors has approved a 2.50% stock dividend payable to shareholders of record on July 12th, with a payment date of July 19th 2019. “We are pleased to announce our seventh consecutive dividend”, stated Lancaster.
First Freedom’s 2018 earnings increased 46% year-over-year fueled by strong loan and deposit growth and excellent operating efficiencies. First quarter of 2019 earnings increased 22% compared to the same period in 2018. “We continue to be very pleased with our financial performance and are excited to award our shareholders with yet another dividend,” stated Lancaster. “We remain optimistic about the future of First Freedom.”
First Freedom Bank, headquartered in Wilson County, was established in 2006. A full service, community bank, First Freedom Bank offers personal and commercial banking services from six locations in Wilson, Putnam and Jackson Counties, and has approximately 70 employees. First Freedom Bank has assets in excess of $475 million and is owned by more than 1,100 shareholders throughout Middle Tennessee. First Freedom Bank is member of the Better Business Bureau, an Equal Housing Lender and Member FDIC. Additionally, First Freedom has earned the prestigious Five Star rating by Bauer Financial, the nation’s leading independent bank and credit union rating firm.