First Defiance Financial Corp. Announces Quarterly Dividend

• Press Release
• Source: First Defiance Financial Corp.
• On 4:19 pm EDT, Tuesday September 22, 2009

DEFIANCE, Ohio, Sept. 22 /PRNewswire-FirstCall/ -- First Defiance Financial Corp. (Nasdaq: FDEF - News) announced today that its Board of Directors has declared a quarterly cash dividend of $0.04 per common share payable October 23rd, 2009, to stockholders of record at the close of business on October 9th, 2009.

"Our Board believes we need to continue to proceed conservatively with quarterly dividends in this environment," said William J. Small, Chairman, President and CEO. "Although we have seen some recent improvement in economic indicators, there are still areas of stress in the economy, particularly in employment data. We are also closely monitoring discussions in Washington regarding possible increases in required capital levels for banks, additional FDIC special assessments and other regulatory matters."

First Defiance Financial Corp. is the holding company for First Federal Bank of the Midwest and First Insurance and Investments. First Federal is a community bank serving northwest Ohio, southeast Michigan, and northeast Indiana where it currently operates 35 banking centers. First Insurance & Investments is a full-line insurance agency with offices in Defiance and Bowling Green, Ohio.

First Defiance has approximately 8,117,520 common shares outstanding.