INBI announces increase in regular quarterly dividend

Business Wire, April 3, 1997

BELLEVUE, Ohio--(BUSINESS WIRE)--April 3, 1997--The Board of Directors of Industrial Bancorp, Inc. (NASDAQ:INBI) today declared a quarterly cash dividend of $0.12 per share. The quarterly dividend is to be paid May 7, 1997 to all shareholders of record as of April 23, 1997.

"The 20% increase in the amount of the dividend is in keeping with our continuing efforts to increase the return to our shareholder and enhance overall shareholder value," said David M. Windau, President and Chief Executive Officer.

Industrial Bancorp is the holding company for Industrial Savings and Loan Association, headquartered in Bellevue, Ohio. At December 31, 1996, Industrial Bancorp reported consolidated assets of $327 million and shareholders' equity of $62 million.

CONTACT: Industrial Bancorp, Inc., Bellevue

Patrick S. Smith, 419/483-3375