STANLEY, Va., March 12, 2015 /PRNewswire/ -- The Board of
Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI)
declared a 1st quarter dividend at its March 12, 2015 meeting. The dividend payment
declared will be paid at $0.18 per
share for shareholders of record as of March
23, 2015 and is payable on March
31, 2015. This dividend represents an increase over
the previous quarter of 5.88%. The dividend payout also
represents an annualized return on investment of 3.24% based on the
current market value.
Pioneer Bankshares, Inc. is a one bank holding company located
in Virginia. The corporate office
and main branch are located in Stanley,
Virginia, with other offices located in Shenandoah, Luray, Harrisonburg, Stanardsville, Ruckersville, and Charlottesville, Virginia. The Bank also
operates a small consumer loan finance company known as Valley
Finance Services, a Division of Pioneer Bank, which specializes in
consumer and auto lending.
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SOURCE Pioneer Bankshares, Inc.