May 26, 2009 (FinancialWire) — The Beacon Federal Bancorp, Inc. (NASDAQ: BFED) board of directors has declared a quarterly cash dividend of $0.05 per share of the company’s common stock, reflecting an annual cash dividend rate of $0.20 per share and representing a 25% increase from the current quarterly dividend of $0.04 per share.

The dividend will be payable to stockholders of record as of June 13, 2009, and is expected to be paid on June 23, 2009.

Beacon Federal Bancorp, Inc., through its banking subsidiary, Beacon Federal, offers banking and related financial services to both individual and commercial customers. The Bank is headquartered in East Syracuse, New York.

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