Mid-Southern Bancorp, Inc.
Salem, Indiana – July 27, 2022: Mid-Southern Bancorp, Inc. (“Company”) (Nasdaq:MSVB), the
holding company for Mid-Southern Savings Bank, FSB (“Bank”), announced that its Board of
Directors declared a quarterly cash dividend of $0.04 per share on the Company’s outstanding
common stock. The cash dividend will be payable on August 26, 2022 to shareholders of record
as of the close of business on August 12, 2022.
The declaration and payment of future dividends
to holders of the Company’s common stock will be at the discretion of the Board of Directors, and
will depend upon many factors, including the Company’s financial condition, earnings, capital
requirements of its businesses, legal requirements, regulatory constraints, industry practice, and
other factors that the Board of Directors deems relevant.
About the Company
Mid-Southern Bancorp, Inc. is the parent of Mid-Southern Savings Bank, FSB. The Bank is a
federally chartered savings bank headquartered in Salem, Indiana, approximately 40 miles
northwest of Louisville, Kentucky. The Bank conducts business from its main office in Salem and
through its branch offices located in Mitchell and Orleans, Indiana and loan production offices
located in New Albany, Indiana and Louisville, Kentucky.