STANLEY, Va., June 14, 2012 /PRNewswire/ -- The Board of
Directors of Pioneer Bankshares, Inc. in Stanley, Virginia declared a 2nd quarter
dividend on June 14, 2012 in the
amount of $0.15 per share. This
dividend payment brings the total dividends paid to-date for 2012
to $0.30 per share and is the same
dividend amount as was paid in the prior quarter. The Company
is pleased to be able to maintain this consistent dividend payment
to its shareholders in light of the current and challenging
economic environment. This dividend will be payable
on June 29, 2012 to shareholders of record on June 25, 2012.
Pioneer Bankshares Inc. is a one bank holding company located in
Page County Virginia. The Company
owns and operates Pioneer Bank with six banking locations.
The main office is located in Stanley, with other branch offices located in
Shenandoah, Luray, Harrisonburg, Stanardsville and Charlottesville, all in Virginia.
The Bank also has a small consumer loan finance operation known as
Valley Finance Services, a Division of Pioneer Bank, which operates
within the Harrisonburg branch
facility.
The Company's stock trades on the Over The Counter Bulletin
Board under the symbol PNBI.OB.
SOURCE Pioneer Bankshares, Inc.