Virginia Financial Group Announces Dividend Increase
April 22 2005 - 10:54AM
PR Newswire (US)
Virginia Financial Group Announces Dividend Increase CULPEPER, Va.,
April 22 /PRNewswire-FirstCall/ -- Virginia Financial Group, Inc.
(NASDAQ:VFGI) announced today that its Board of Directors has
declared a quarterly dividend of $.21 per share, a 10.5% increase
from the quarterly dividend paid in May 2004, and a 5.0% increase
from the February 2005 dividend paid. The dividend is payable on
May 25, 2005 to shareholders of record as of May 2, 2005. Virginia
Financial Group is one of the largest Virginia based community bank
holding companies. It is the parent company for Planters Bank &
Trust Company of Virginia -- in Staunton; Second Bank & Trust
-- in Culpeper; Virginia Heartland Bank -- in Fredericksburg and
Virginia Commonwealth Trust Company -- in Culpeper. The Company is
a traditional community banking provider, offering a full range of
business and consumer banking services including trust and asset
management services via its trust company affiliate. The
organization maintains a network of thirty-five branches serving
Central and Southwest Virginia. It also maintains five trust and
investment service offices in its markets, and loan production
offices located in Charlottesville and Lynchburg. Statements that
may be made in this release relating to the company's future
prospects and performance are "forward-looking statements" that are
subject to risks and uncertainties, both known and unknown, that
could cause actual results to differ materially from those
expressed or implied by such statements. Factors that could have a
material adverse effect on the operations and future prospects of
the company include, but are not limited to, changes in: interest
rates, general economic conditions, the legislative/regulatory
climate, monetary and fiscal policies of the US Government
including policies of the US Treasury and the Board of Governors of
the Federal Reserve System, the quality or composition of the loan
or investment portfolios, demand for loan products, deposit flows,
competition, demand for financial services in the company's market
area, and accounting principles, policies, and guidelines. The
information provided in this release is provided only as of the
date of this release, and the company undertakes no obligation to
update any forward-looking statements made herein. Please refer to
Virginia Financial Group's filings with the Securities and Exchange
Commission for additional information, which may be accessed at
http://www.vfgi.net/. DATASOURCE: Virginia Financial Group, Inc.
CONTACT: Jeffrey W. Farrar, Executive Vice President and CFO of
Virginia Financial Group, Inc., +1-540-829-1603, or Web site:
http://www.vfgi.net/
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