Lincoln Park Bancorp Announces Dividend

LINCOLN PARK, N.J., Jan. 29 /PRNewswire-FirstCall/ -- Lincoln Park Bancorp (OTC Bulletin Board: LPBC), today announced that the Company has declared a special cash dividend of $0.05 per share of the Company's common stock. The dividend will be payable to stockholders of record as of February 25, 2010, and will be paid on March 11, 2010.

The Company is the majority-owned subsidiary of Lincoln Park Bancorp, MHC, a federal mutual holding company, which owns 54% percent of the Company's outstanding shares. Lincoln Park Bancorp, MHC has filed a regulatory notice of its intention to waive the receipt of dividends paid on its shares of the Company, which notice is currently pending with the Office of Thrift Supervision.

Lincoln Park Bancorp is the parent corporation for Lincoln Park Savings Bank, a New Jersey chartered savings bank headquartered in Lincoln Park, New Jersey. The Bank's deposits are insured by the Federal Deposit Insurance Corporation.

SOURCE Lincoln Park Bancorp