PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | Dividends

Bank of McKenney Maintains Its Prior Year's Declaration of Twenty-Seven Cents Per Share During Difficult Times

Share with Twitter Share with LinkedIn

MCKENNEY, Va., Dec. 8 /PRNewswire-FirstCall/ -- Bank of McKenney (Nasdaq: BOMK) today announced that the Board of Directors of Bank of McKenney declared a dividend of $0.27 per share on Bank of McKenney common and preferred classes of stock for shareholders of record at the close of normal trading on December 31, 2009 and payable on January 15, 2010. The $0.27 per share dividend matches that paid in January of 2009.

Richard M. Liles, President & Chief Executive Officer, stated, "The past two years are ones all in the financial sector will not soon forget. At Bank of McKenney this year, our core strategy has, as always, been to focus on stability. In 2009, we have focused on building reserves sufficient to cover any losses resulting from the depressed economy, and this has significantly affected the Bank's earnings. However, the Board has determined current year's earnings will support maintaining the dividend at the prior rate and serves as a testament to the strength of the company even in trying times."

Bank of McKenney is a full-service community bank headquartered in McKenney, Virginia with six branches serving Southeastern Virginia and assets totaling $185 million.

SOURCE Bank of McKenney



RELATED LINKS
http://www.bankofmckenney.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release