Peoples LTD Declares Fourth Quarter Dividend
WYALUSING, Pa., Oct. 31, 2012 /PRNewswire/ -- Peoples LTD, the parent company of Peoples State Bank of Wyalusing, has announced that the Board of Directors has declared a fourth quarter cash dividend in the amount of $.36 per share, and a 5% stock dividend, payable on December 21, 2012. The cash dividend represents a 50% increase over the cash dividend paid in the fourth quarter 2011, of $.24 as adjusted to reflect the 5% 2011 year end stock dividend.
The declaration of dividend, made at the regular meeting of the Bank's Board of Directors on October 24, 2012, is payable to shareholders of record November 30, 2012.
In September, the Board of Directors of Peoples State Bank announced a re-branding initiative along with a name change to PS Bank, effective in mid November. This strategic decision will provide a marketing advantage in existing markets and brand recognition in new markets. The bank will celebrate its 100 year anniversary in 2014.
Note: This press release may contain forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.
Peoples LTD is the holding company for Peoples State Bank of Wyalusing. Peoples State Bank is an independent community bank with branch locations throughout Bradford, Sullivan and Wyoming Counties. Book value for stock of Peoples LTD was $47.89 as of September 30, 2012 and is traded in the Over-the-Counter market under the symbol PPLL Learn more about Peoples State Bank at www.peoplesbankpa.com.
SOURCE Peoples LTD