May 28, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Wawel Savings Bank (OTCBB: WAWL) said it will pay a special dividend of $.10 per share on June 18 to stockholders of record as of June 10. It is the tenth consecutive dividend paid by the bank.

The bank has 2,144,701 shares of common stock issued and outstanding of which, 1,304,153 shares are owned by Wawel Financial Services, MHC.  Wawel Financial Services, MHC does not engage in any business activity other than holding the bank's common stock, and it will waive its right to receive the dividend.

New Jersey-based Wawel Savings Bank is a community oriented banking institution that operates from its full service main office in Wallington, New Jersey and branch office in Garfield, New Jersey.  

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