STANLEY, Va., Feb. 28,
2013 /PRNewswire/ -- The Board of Directors of Pioneer
Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a
1st quarter dividend at its February 14, 2013 meeting. The
dividend payment declared will be paid at $0.16 per share for shareholders of record as of
March 7, 2013 and will be payable on
March 28, 2013. This dividend
payment represents a 6.67% increase when compared to the
1st quarter dividend payment for the prior year.
Pioneer Bankshares, Inc. is a one bank holding company with six
existing banking locations in Virginia. The corporate
office and main branch is located in Stanley, with other branch offices currently
located in Shenandoah,
Luray, Harrisonburg, Stanardsville and Charlottesville, all in Virginia.
Additionally, the bank is in the process of establishing a new
branch location in Ruckersville,
Virginia, with a target opening date of March 4, 2013. The Bank also operates a
small consumer loan finance company known as Valley Finance
Services, a Division of Pioneer Bank.
SOURCE Pioneer Bankshares, Inc.