STANLEY, Va., June 9, 2011 /PRNewswire/ -- The Board of
Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) in
Stanley, Virginia declared a 2nd
quarter dividend on June 9, 2011 in
the amount of $0.15 per share.
This dividend payment brings the total dividends paid to-date
for 2011 to $0.30 per share and is
the same dividend amount as was paid in the prior quarter.
The Company is pleased to be able to maintain this consistent
dividend payment to its shareholders in light of the current and
challenging economic environment. This dividend will be
payable on June 30, 2011 to
shareholders of record on June 22,
2011.
Pioneer Bankshares Inc. is a one bank holding company located in
Page County Virginia. The Company
owns and operates Pioneer Bank with six banking locations.
The main office is located in Stanley, with other branch offices located in
Shenandoah, Luray, Harrisonburg, Stanardsville and Charlottesville, all in Virginia. The Bank also has a small
consumer loan finance operation known as Valley Finance Services, a
Division of Pioneer Bank, which operates within the Harrisonburg branch facility.
The Company's stock trades on the Over The Counter Bulletin
Board under the symbol PNBI.OB.
SOURCE Pioneer Bankshares, Inc.