DCB Financial Corp Declares Shareholder Dividend

Delaware County Bank & Trust holding company's 22nd consecutive quarterly

dividend increased 12.5 percent from the previous quarter

Jul 25, 2002, 01:00 ET from DCB Financial Corp

    DELAWARE, Ohio, July 25 /PRNewswire-FirstCall/ -- DCB Financial Corp
 (OTC Bulletin Board:   DCBF) President Larry Coburn announced today that the
 company's Board of Directors, at its July 2002 meeting, declared a dividend of
 $.09 per common share to shareholders of record as of July 26, 2002, payable
 August 15, 2002. DCB Financial Corp is the holding company of the Delaware
 County Bank & Trust Company (The Bank). This announcement marks the company's
 22nd consecutive quarterly dividend declaration.
     "Our consistent growth is due, in large measure, to our loyal customer
 base and continued strong market share in Delaware County, one of the fastest
 growing areas in Ohio," said Coburn. "As a community bank, we continue to
 focus as always on providing the highly personalized services our local
 customers expect and deserve, while continuing to earn a fair return for our
     As of June 30, 2002, the consolidated assets of DCB Financial Corp had
 increased $11 million, growing to $528 million compared to $517.1 million at
 June 30, 2001. The Bank's loan portfolio grew approximately $32 million to
 $367.7 million for the same period.
     Net income through the first six months of 2002 were approximately
 $2.7 million.
     The Bank, headquartered in Lewis Center, Ohio, operates 16 full-service
 branches in Delaware, Union and Franklin counties. The Bank provides customary
 retail and commercial banking services to its customers, including checking
 and savings accounts, time deposits, IRAs, safe deposit facilities, personal
 loans, commercial loans, online banking and trust services. The Bank also
 provides cash management and other corporate banking services to its business
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SOURCE DCB Financial Corp