Pioneer Bankshares, Inc. Declares Dividend
STANLEY, Va., Nov. 29, 2012 /PRNewswire/ -- The Board of
Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI)
declared a 4th quarter dividend at its November 8, 2012 meeting. The dividend
payment declared will be paid at $0.16 per share for shareholders of record as of
December 14, 2012 and will be payable
on December 28, 2012. This
dividend payment brings the total to $0.61 per share for 2012, and represents a 3.39%
increase compared to the prior year. This payment also
represents an increase of 6.67% when compared to the prior
quarter.
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.
Additionally, the bank is currently in the process of building a
new branch location in Ruckersville, Virginia. The Bank also
has a small consumer loan finance operation known as Valley Finance
Services, a Division of Pioneer Bank.
SOURCE Pioneer Bankshares, Inc.