February 12, 2010 (FinancialWire) — Sturgis Bancorp, Inc.’s (OTCBB: STBI) board of directors has declared a cash dividend of $0.03 per common share, payable March 15, 2010 to stockholders of record February 15, 2010.

Michigan-based Sturgis Bancorp is the holding company for Sturgis Bank & Trust Co., and its subsidiaries Oakleaf Financial Services, Inc. and Oak Mortgage, LLC.

Sturgis Bancorp provides trust, commercial and consumer-banking services from 12 banking centers in Sturgis, Bronson, Centreville, Climax, Coldwater, Colon, South Haven, Three Rivers and White Pigeon, Michigan.

Oakleaf Financial Services offers a range of investment and financial-advisory services. Oak Mortgage offers residential mortgages in all banking centers of the bank.

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