Jefferson Security Bank Announces Semi-Annual Dividend Payment
Shepherdstown, West Virginia; August 23, 2016
President and CEO of Jefferson Security Bank (OTCQB: JFWV), Cindy Kitner, announced the Board of Directors approval of a semi-annual dividend at their August 17, 2016 meeting in the amount of $0.50 per share, payable on September 15, 2016 to shareholders of record on August 31, 2016. This represents an increase of 11% when comparing the total dividend for 2016 of $1.00 per share to the total for 2015 of $0.90 per share.
"It is our desire to provide a solid return to our shareholders, as we remain focused on building for our future by investing in our business to better service our community and strengthen shareholder value," said President and CEO, Cindy Kitner.
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.
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)
Cindy Kitner, President and CEO