STURGIS, Mich., July 22 /EMWNews/ -- Sturgis Bancorp, Inc.

(OTC Bulletin Board: STBI) today announced that its Board of Directors has

declared a cash dividend of $0.12 per common share, payable September 15,

2008 to stockholders of record August 15, 2008.



    In making the announcement, Eric L. Eishen, President and CEO, noted

that the payment marks the 75th consecutive quarter that Sturgis Bancorp,

Inc. or Sturgis Bank & Trust Company, its predecessor, has paid a cash

dividend.



    Sturgis Bancorp is the holding company for Sturgis Bank & Trust

Company, and its subsidiaries Oakleaf Financial Services, Inc. and Oak

Mortgage, LLC. Sturgis Bancorp provides a full array of trust, commercial

and consumer-banking services from 12 banking centers in Sturgis, Bronson,

Centreville, Climax, Coldwater, Colon, South Haven, Three Rivers and White

Pigeon, Mich. Oakleaf Financial Services offers a complete range of

investment and financial-advisory services. Oak Mortgage offers residential

mortgages in all banking centers of the Bank.



    For Sturgis Bank & Trust Company updates, visit http://www.sturgisbank.com.