Pioneer Bankshares, Inc. Declares 1st Quarter Dividend

STANLEY, Va., March 10, 2017 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 1^st quarter dividend at its March 9, 2017 meeting.   The dividend payment declared will be paid at $0.20 per share for shareholders of record as of March 23, 2017 and is payable on March 31, 2017. 

This dividend payment is a $0.01 increase over the prior quarter's dividend amount and represents an increase of 5.26% as compared to the 1^st quarter payout amount for 2016.  The dividend payout also represents an annualized return on investment to shareholders of 3.47% based on the current market value of the Company's stock, as of the date of this release.

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.

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SOURCE Pioneer Bankshares, Inc.