WARRENTON, Va., Aug. 21, 2020 /PRNewswire/ -- Fauquier
Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of
Directors on August 20, 2020 declared
a quarterly dividend of $0.125 per
share. This represents a $0.50
dividend on an annualized basis. This dividend was declared
for shareholders of record as of the close of business on
September 18, 2020 and will be
payable on October 1, 2020.
Fauquier Bankshares, Inc. and its principal subsidiary, The
Fauquier Bank, had combined assets of $825.6
million and total shareholders' equity of $71.1 million at June 30,
2020. The Fauquier Bank is an independent community bank
offering a full range of financial services, including internet
banking, mobile banking, commercial, retail, insurance, wealth
management, and financial planning services through eleven banking
offices located in Fauquier and
Prince William Counties in
Virginia.
This press release may contain "forward-looking statements" as
defined by federal securities laws. These statements address issues
that involve risks, uncertainties, estimates and assumptions made
by management, and actual results could differ materially from the
results contemplated by these forward-looking statements.
Factors that could have a material adverse effect on our operations
and future prospects include, but are not limited to, changes in:
interest rates, general economic conditions, the
legislative/regulatory climate, monetary and fiscal policies of the
U.S. Government, including policies of the U.S. Treasury and the
Board of Governors of the Federal Reserve System, the quality or
composition of the loan or investment portfolios, the value of the
collateral securing loans in the portfolio, demand for loan
products, deposit flows, the level of net charge-offs on loans and
the adequacy of the allowance for loan losses, competition, demand
for financial services in the Company's market area, the Company's
plans to increase market share, mergers, acquisitions and
dispositions, cybersecurity threats or attacks, and tax and
accounting principles, policies and guidelines. Readers should
consider these risks and uncertainties in evaluating our
forward-looking statements and should not place undue reliance on
such statements. We undertake no obligation to update these
statements following the date of this news release.
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SOURCE Fauquier Bankshares, Inc.
