Pioneer Bankshares, Inc. Declares Dividend

Mar 10, 2011, 09:59 ET from Pioneer Bankshares, Inc.

STANLEY, Va., March 10, 2011 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared on March 10, 2011 a dividend of $0.15 per share payable March 31, 2011 to shareholders of record on March 21, 2011. This represents an increase of 7.14% over the previous quarterly dividend payment and remains consistent with the prior year's first quarter dividend payment.

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.

Pioneer Bankshares stock trades on the Over-The-Counter Bulletin Board under the symbol PNBI.OB

SOURCE Pioneer Bankshares, Inc.