updated 8/27/2010 4:53:30 AM ET 2010-08-27T08:53:30

EAST SYRACUSE, N.Y., Aug. 26, 2010 (GLOBE NEWSWIRE) -- Beacon Federal Bancorp, Inc. (Nasdaq:BFED) announced today that the Board of Directors of the Company has declared a quarterly cash dividend of $0.05 per share of the Company's common stock. The dividend reflects an annual cash dividend rate of $0.20 per share. The dividend will be payable to stockholders of record as of September 14, 2010, and is expected to be paid on September 24, 2010.

Beacon Federal Bancorp, Inc., through its subsidiary, Beacon Federal ("the Bank"), offers banking and related financial services to both individual and commercial customers. The Bank is headquartered with a full-service branch in East Syracuse, New York, along with seven other full-service branches in East Syracuse, Marcy and Rome, New York, Smartt and Smyrna, Tennessee, Tyler, Texas and Chelmsford, Massachusetts.

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