Pioneer Bankshares, Inc. Declares Dividend

STANLEY, Va., March 8, 2012 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI.OB) declared a dividend to shareholders today, March 8, 2012. The dividend in the amount of $.15 per share will be paid on March 30, 2012 to shareholders of record on March 20, 2012. The per share payout equals the amount paid for the same 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 Bankshares stock trades on the Over-The-Counter Bulletin Board under the symbol PNBI.OB

Contact: Thomas R. Rosazza, President/CEO
(540) 778-6300

SOURCE Pioneer Bankshares, Inc.