BOE Financial Services of Virginia, Inc. Declares Quarterly Dividend
May 22 2008 - 3:00PM
PR Newswire (US)
TAPPAHANNOCK, Va., May 22 /PRNewswire-FirstCall/ -- BOE Financial
Services of Virginia, Inc. (NASDAQ:BSXT), announced that on May 22,
2008 the Board of Directors declared a quarterly dividend of $0.22
per share. The dividend will be paid on June 16, 2008 to
shareholders of record as of the close of business on May 31, 2008.
The $0.22 dividend represents a 10% increase over the $0.20 rate
paid on June 29, 2007 and a $0.88 dividend on an annualized basis.
BOE Financial Services of Virginia, Inc. is the parent company of
Bank of Essex, a $316 million community bank with its headquarters
and two offices in Tappahannock, Virginia and additional offices in
King William, Hanover, Henrico and Northumberland counties. BOE,
which offers a broad range of financial services to consumers and
businesses, currently operates eight Bank of Essex offices. The BOE
special meeting of shareholders originally scheduled for Friday,
April 25, 2008, to consider and vote on its proposed merger with
Community Bankers Acquisition Corp. ("CBAC") was adjourned until
Wednesday, May 21, 2008. This was after learning that CBAC planned
to adjourn its two shareholder meetings in order to provide its
shareholders more time to consider and vote on the proposed merger
with BOE, its proposed merger with TransCommunity Financial
Corporation and related matters. As previously reported, on May 21,
2008, shareholders of BOE voted to approve the previously announced
merger between BOE and Community Bankers Acquisition Corp. ("CBAC")
(AMEX:BTC) at its special meeting of stockholders that was
adjourned from April 25, 2008. Holders of 73.76% of BOE's
outstanding shares voted in favor of the proposed merger. CBAC
announced May 20, 2008 that it has adjourned its special meeting to
approve the merger with BOE until May 23, 2008. DATASOURCE: BOE
Financial Services of Virginia, Inc. CONTACT: Bruce E. Thomas,
Senior Vice President and Chief Financial Officer, +1-804-443-4343
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