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iAB announces 2nd quarter dividend

The Board of Directors of Independent Alliance Banks, Inc. (IAB), the holding company for iAB financial bank, has approved a second quarter cash dividend of 21 cents per share payable June 2 to shareholders of record date May 15, announced Michael C. Marhenke, president and chief executive officer.

The annualized dividend of 84 cents per share represents an approximate return of 3.57 percent.

Independent Alliance Banks, Inc., established in 2005, is a financial services holding company for iAB financial bank, which employs approximately 285 people throughout Allen, Huntington, Wells and Grant counties.