Surrey Bancorp Announces Special Cash Dividend of $0.15 per Share
December 16 2011 - 8:30AM
Marketwired
The Board of Directors of Surrey Bancorp ("the Company") (OTCBB:
SRYB) (PINKSHEETS: SRYB) has declared a special cash dividend of 15
cents ($0.15) per share on the Company's common stock. The cash
dividend is payable on January 6, 2012, to shareholders of record
as of December 27, 2011. This cash dividend follows a common stock
dividend of 10 percent declared by the Company in November 2011.
Ted Ashby, President of Surrey Bancorp, stated the dividend was
based on the Company's operating results over the past three years,
its strong financial condition and a commitment to delivering
shareholder value.
Surrey Bancorp is the bank holding company for Surrey Bank &
Trust (the "Bank") and is located at 145 North Renfro Street, Mount
Airy, North Carolina. The Bank operates full service branch offices
at 145 North Renfro Street, 1280 West Pine Street and 2050 Rockford
Street in Mount Airy. Full-service branch offices are also located
at 653 South Key Street in Pilot Mountain, North Carolina, and 940
Woodland Drive in Stuart, Virginia.
Surrey Bank & Trust is engaged in the sale of insurance
through its wholly owned subsidiary, SB&T Insurance, located at
199 North Renfro Street in Mount Airy. The Bank also owns Surrey
Investment Services, Inc., which provides full-service brokerage
and investment advice through an association with LPL Financial,
and Freedom Finance, LLC, a sales finance company located at 165
North Renfro Street in Mount Airy.
Surrey Bank & Trust can be found online at
www.surreybank.com.
For additional information, please contact Ted Ashby CEO Mark
Towe CFO (336) 783-3900
Surrey Bancorp (PK) (USOTC:SRYB)
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