Pioneer Bankshares, Inc. Declares Dividend

Nov 29, 2012, 16:29 ET from Pioneer Bankshares, Inc.

STANLEY, Va., Nov. 29, 2012 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 4th quarter dividend at its November 8, 2012 meeting.  The dividend payment declared will be paid at $0.16 per share for shareholders of record as of December 14, 2012 and will be payable on December 28, 2012.  This dividend payment brings the total to $0.61 per share for 2012, and represents a 3.39% increase compared to the prior year.  This payment also represents an increase of 6.67% when compared to the prior quarter.

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.  Additionally, the bank is currently in the process of building a new branch location in Ruckersville, Virginia.  The Bank also has a small consumer loan finance operation known as Valley Finance Services, a Division of Pioneer Bank.

SOURCE Pioneer Bankshares, Inc.