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Jefferson Security Bank Announces an Increase in the Semi-Annual Dividend

Published on: February 22, 2019

FOR IMMEDIATE RELEASE                                           

Contact:  Jenna Kesecker
Executive Vice President and Chief Financial Officer
304-876-9016

Jefferson Security Bank Announces an Increase in the Semi-Annual Dividend

Shepherdstown, West Virginia; February 22, 2019

            President and CEO of Jefferson Security Bank (OTCQB: JFWV), Cindy Kitner, announced the Board of Directors approval of a semi-annual dividend at their February 20, 2019 meeting in the amount of $0.85 per share, payable on March 15, 2019 to shareholders of record on March 4, 2019.  This represents an increase of $0.10 per share when comparing the previous semi-annual dividend in 2018 of $0.75 per share.

            “It is exciting to announce this increase in dividend. We remain focused on building capital for our future and continuing our commitment to drive value for our shareholders,” said Cindy Kitner, President and CEO. “We value our shareholders and appreciate their continued support.”

Jefferson Security Bank, founded in 1869, is a community bank engaged in the general banking business in Berkeley County and Jefferson County, West Virginia, and Washington County, Maryland. 

This press release may contain forward-looking statements, as defined by federal securities laws, which may involve significant risks and uncertainties.  The statements are based on estimates and assumptions made by management in conjunction with other factors deemed appropriate under the circumstances.  Actual results could differ materially from current projections. 

Offices:
105 East Washington Street, Shepherdstown, WV (304-876-9000)
7994 Martinsburg Pike, Shepherdstown, WV (304-876-2800)
873 East Washington Street, Suite 100, Charles Town, WV (304-725-9752)
277 Mineral Drive, Suite 1, Inwood, WV (304-229-6000)
1861 Edwin Miller Boulevard, Martinsburg, WV (304-264-0900)
103 West Main Street, Sharpsburg, MD (301-432-3900)