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WC Federal declares dividend

April 22, 2009
The Daily Freeman Journal

Webster City Federal Bancorp has announced a cash dividend of $.10 per share for the quarter ended March 31. The dividend will be payable to shareholders of record as of May 5, 2009. The date of payment will be May 21.

WCF Financial, M.H.C., owner of 2,300,000 of the total outstanding shares of 3,180,537, has announced that it has waived the right to receive the dividend. Accordingly, the dividend will be paid on 880,537 marketable shares owned by the minority stockholders.

Webster City Federal Bancorp reported consolidated net earnings of $100,900 or $.03 per share for the quarter ended March 31, 2009, compared to $82,500 or $.03 per share for the quarter ended March 31.

Total assets of the Company for the quarter ended March 31 were $92,043,000 compared to $95,234,000 for the same period ended March 31.

Stockholder's equity at March 31 was $14,755,100.

Webster City Federal Bancorp is the holding company for Webster City Federal Savings Bank. The Company stock trades in the Pink Sheets under the symbol of WCFB.



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