MILWAUKEE, May 4, 2015 /PRNewswire/ -- Bank Mutual Corporation (NASDAQ: BKMU) announced today that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which was a $0.01 increase over the dividend paid in the prior quarter. The cash dividend will be paid on May 29, 2015, to shareholders of record on May 15, 2015.

This cash dividend is the fifty-eighth quarterly cash dividend paid by Bank Mutual Corporation since becoming a capital stock organization in 2000. Bank Mutual Corporation is the third largest banking institution headquartered in the state of Wisconsin, with assets at March 31, 2015, of $2.4 billion. Its subsidiary bank, Bank Mutual, operates 75 offices in the state of Wisconsin and one office in Minnesota.

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SOURCE Bank Mutual Corporation