Pioneer Bankshares, Inc. Declares 2nd Quarter Dividend

Jun 10, 2010, 12:49 ET from Pioneer Bankshares, Inc.

STANLEY, Va., June 10 /PRNewswire-FirstCall/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) in Stanley, VA declared a second quarter dividend on June 10, 2010 in the amount of $0.15 per share.  This represents a 7.14% increase over the $0.14 paid for the same period in 2009. The total dividends paid year-to-date in 2010 equal $0.30 per share.  The dividend is payable on June 30, 2010, to shareholders of record on June 22, 2010.  

The Company has maintained consistent dividend payments to its shareholders since converting to a quarterly dividend payment schedule in the year 2000.   Additionally, the quarterly dividend payments have been increased steadily during the past 10 years.  

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.

SOURCE Pioneer Bankshares, Inc.