Pioneer Bankshares, Inc. Declares Dividend

Sep 08, 2011, 13:13 ET from Pioneer Bankshares, Inc.

STANLEY, Va., Sept. 8, 2011 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 3rd quarter dividend on September 8, 2011 in the amount of $0.15 cents per share payable on September 30, 2011 for shareholders of record as of September 21, 2011.  This dividend payment brings the total dividends paid to-date for 2011 to $0.45 per share and is the same dividend amount paid in the prior quarter.  Additionally, the dividend payment for this quarter represents an increase of 7.14% compared to the same payment period last year.

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 Bank is a locally owned, independent financial institution and has been serving the community for more than 100 years.  

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

SOURCE Pioneer Bankshares, Inc.