Pioneer Bankshares, Inc. Declares Dividend

Dec 09, 2010, 09:57 ET from Pioneer Bankshares, Inc.

STANLEY, Va., Dec. 9, 2010 /PRNewswire-FirstCall/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared on December 9, 2010 a dividend of $0.14 cents per share payable December 30, 2010 to shareholders of record on December 21, 2010.

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 (OTCB) under the symbol PNBI.OB.

SOURCE Pioneer Bankshares, Inc.