Sturgis Bancorp, Inc. Announces Cash Dividend

STURGIS, Mich., July 22 /PRNewswire-FirstCall/ -- 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 www.sturgisbank.com.
SOURCE Sturgis Bancorp, Inc.

Eric Eishen, President & CEO, or Brian P. Hoggatt, CFO, of Sturgis Bancorp,
Inc., +1-269-651-9345