Pioneer Bankshares, Inc. Declares 4th Quarter Dividend

STANLEY, Va., Dec. 11, 2014 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 4^th quarter dividend at its December 11, 2014 meeting.  The dividend payment declared will be paid at $0.17 per share for shareholders of record as of December 22, 2014 and will be payable on December 31, 2014.  This dividend remains the same as the prior quarter and brings the total payout year-to-date to $0.68 per share.  This represents a 1.50% increase over the prior year.  The dividend payout also represents an annualized return on investment of 3.24% based on the current market trade value.

Pioneer Bankshares, Inc. is a one bank holding company located in Virginia.  The corporate office and main branch are located in Stanley, Virginia, with other offices located in Shenandoah, Luray, Harrisonburg, Stanardsville, Ruckersville, and Charlottesville, Virginia.  The Bank also operates a small consumer loan finance company known as Valley Finance Services, a Division of Pioneer Bank, which specializes in consumer and auto lending.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pioneer-bankshares-inc-declares-4th-quarter-dividend-300008842.html

SOURCE Pioneer Bankshares, Inc.

Copyright 2014 PR Newswire