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PRESS RELEASE
| FROM: | Robert H. Gaughen, Jr., President |
| Hingham Institution for Savings | |
| Hingham, MA (NASDAQ-HIFS) | |
| DATE: | June 24 , 2010 |
| CONTACT: | William M. Donovan, Jr., Vice President (781) 749.2200 |
Quarterly Dividend Announced
HINGHAM INSTITUTION FOR SAVINGS (Nasdaq – HIFS), Hingham, Massachusetts announced that its Board of Directors declared a regular quarterly cash dividend of $0.23 per share. The dividend will be paid on July 20, 2010 to stockholders of record as of July 9, 2010.
Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated, “This 66th consecutive quarterly dividend represents our Board’s continued commitment to a healthy dividend policy. We are proud of the fact that we have increased cash dividends to shareholders in each of the past 15 years. Despite continued stress in the economy, our record earnings confirm our faith in our core strategies.”
In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last fifteen years. Future dividends will be considered by the Board of Directors on a quarterly basis.
Hingham Institution for Savings is a Massachusetts-chartered savings bank located in Hingham, Massachusetts. Incorporated in 1834, it is the oldest financial institution headquartered in Hingham and one of the oldest in the Commonwealth. The Bank’s main offices are located on Main Street, Hingham, Massachusetts 02043, phone (781) 749-2200. The Bank also maintains branch offices in South Hingham and the neighboring towns of Cohasset, Hull, Norwell, Scituate, and Weymouth, as well as the South End of Boston.
The Bank’s shares of common stock are listed and traded on The Nasdaq Stock Market under the symbol HIFS.
Copyright 2007 Hingham Institution for Savings. All rights reserved. Member FDIC/Member DIF FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. Hingham Institution for Savings has chosen not to participate in the FDIC's Transaction Account Guarantee Program. Customers of Hingham Institution for Savings with noninterest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC’s general deposit insurance rules. All deposits above this amount are insured by the Deposit Insurance Fund.
Hingham Institution for Savings
55 Main Street
Hingham MA 02043
Telephone: 781.749.2200
