Jefferson Bancshares, Inc. Declares Quarterly Dividend.MORRISTOWN, Tenn. -- Anderson L. Smith, President and Chief Executive Officer of Jefferson Bancshares, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :JFBI), announced today that the Company's Board of Directors has declared a regular cash dividend of five cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of common stock and a special cash dividend of five cents per share of common stock. The dividend will be payable to stockholders of record as of June 30, 2005, and will be paid on July 08, 2005. Jefferson Bancshares, Inc. is the parent corporation for Jefferson Federal Bank, which was established in 1963 and is headquartered in Morristown, Tennessee. The Bank has three banking facilities located in Hamblen County, Tennessee Hamblen County is a county located in the U.S. state of Tennessee. Together with Grainger and Jefferson counties, it is part of the Morristown, Tennessee Metropolitan Statistical Area which is, as of December 2005, considered a component of the Knoxville-Sevierville-La Follette, , and one lending office located in Knox County, Tennessee. On July 1, 2003, Jefferson Federal Bank completed its conversion from the mutual holding company structure to the stock holding company structure and became the wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Jefferson Bancshares, Inc. |
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