Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 25 Cents per Share
Pinnacle Bankshares (OTCQX: PPBN) has declared a quarterly cash dividend of $0.25 per share, maintaining the same level as the previous quarter. The dividend will be payable on March 7, 2025, to shareholders of record as of February 21, 2025.
This marks the fiftieth consecutive quarter of dividend payments, demonstrating the company's consistent performance. First National Bank, Pinnacle's subsidiary, operates nineteen branches across Central and Southern Virginia, serving various counties including Amherst, Bedford, Campbell, Halifax, and Pittsylvania, as well as the cities of Charlottesville, Danville, and Lynchburg. The bank recently expanded with a new Loan Production Office and full-service branch in South Boston, Halifax County.
Pinnacle Bankshares (OTCQX: PPBN) ha dichiarato un dividendo in contante trimestrale di $0,25 per azione, mantenendo lo stesso livello del trimestre precedente. Il dividendo sarà pagabile il 7 marzo 2025, agli azionisti registrati al 21 febbraio 2025.
Questo segna il cinquantesimo trimestre consecutivo di pagamenti di dividendi, dimostrando la performance costante dell'azienda. First National Bank, la sussidiaria di Pinnacle, gestisce diciannove filiali in Virginia Centrale e Meridionale, servendo vari contea tra cui Amherst, Bedford, Campbell, Halifax e Pittsylvania, oltre alle città di Charlottesville, Danville e Lynchburg. La banca ha recentemente ampliato le sue operazioni con un nuovo Ufficio di Produzione Prestiti e una filiale a servizio completo a South Boston, nella contea di Halifax.
Pinnacle Bankshares (OTCQX: PPBN) ha declarado un dividendo en efectivo trimestral de $0.25 por acción, manteniendo el mismo nivel que el trimestre anterior. El dividendo se pagará el 7 de marzo de 2025, a los accionistas registrados hasta el 21 de febrero de 2025.
Esto marca el quincuagésimo trimestre consecutivo de pagos de dividendos, demostrando el rendimiento consistente de la empresa. First National Bank, la subsidiaria de Pinnacle, opera diecinueve sucursales en el Centro y Sur de Virginia, sirviendo a varios condados, incluyendo Amherst, Bedford, Campbell, Halifax y Pittsylvania, así como a las ciudades de Charlottesville, Danville y Lynchburg. Recientemente, el banco se ha expandido con una nueva Oficina de Producción de Préstamos y una sucursal de servicio completo en South Boston, Condado de Halifax.
Pinnacle Bankshares (OTCQX: PPBN)는 주당 $0.25의 분기 현금 배당금을 발표하였으며, 이는 지난 분기와 동일한 수준을 유지합니다. 배당금은 2025년 3월 7일에 지급될 예정이며, 2025년 2월 21일 기준 주주에게 지급됩니다.
이는 50번째 연속 분기 배당금 지급을 의미하며, 회사의 일관된 성과를 보여줍니다. Pinnacle의 자회사인 First National Bank는 중앙 및 남부 버지니아에 19개의 지점을 운영하며, Amherst, Bedford, Campbell, Halifax 및 Pittsylvania를 포함한 여러 카운티와 Charlottesville, Danville, Lynchburg의 도시를 서비스합니다. 은행은 최근 헬리팩스 카운티의 South Boston에 새로운 대출 생산 사무소와 종합 서비스 지점을 확장하였습니다.
Pinnacle Bankshares (OTCQX: PPBN) a déclaré un dividende en espèces trimestriel de 0,25 $ par action, maintenant le même niveau que le trimestre précédent. Le dividende sera payable le 7 mars 2025, aux actionnaires inscrits au 21 février 2025.
Cela marque le cinquantième trimestre consécutif de paiements de dividendes, démontrant la performance constante de l'entreprise. La First National Bank, la filiale de Pinnacle, exploite dix-neuf agences à travers le centre et le sud de la Virginie, servant divers comtés, dont Amherst, Bedford, Campbell, Halifax et Pittsylvania, ainsi que les villes de Charlottesville, Danville et Lynchburg. La banque s'est récemment étendue avec un nouveau bureau de production de prêts et une agence à service complet à South Boston, dans le comté de Halifax.
Pinnacle Bankshares (OTCQX: PPBN) hat eine Quartalsdividende von $0,25 pro Aktie erklärt, die auf dem gleichen Niveau wie im vorherigen Quartal bleibt. Die Dividende wird am 7. März 2025 an die Aktionäre ausgezahlt, die am 21. Februar 2025 im Aktienregister stehen.
Dies markiert das fünfzigste aufeinanderfolgende Quartal von Dividendenzahlungen, was die konstante Leistung des Unternehmens unterstreicht. Die First National Bank, eine Tochtergesellschaft von Pinnacle, betreibt neunzehn Filialen im zentralen und südlichen Virginia und bedient verschiedene Landkreise, darunter Amherst, Bedford, Campbell, Halifax und Pittsylvania sowie die Städte Charlottesville, Danville und Lynchburg. Die Bank hat sich kürzlich mit einem neuen Kreditproduktionsbüro und einer Vollservice-Filiale in South Boston, Halifax County, erweitert.
- Maintained quarterly dividend of $0.25 per share
- 50 consecutive quarters of dividend payments
- Recent expansion with new branch and loan office in Halifax County
- Solid geographical presence with 19 branches across Virginia
- None.
ALTAVISTA, Va., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Pinnacle Bankshares Corporation (“Pinnacle” or the “Company”) (OTCQX: PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of
The
“Pinnacle is pleased to provide a cash dividend of
Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia. The one-bank holding company of First National Bank serves market areas consisting primarily of all or portions of the Counties of Amherst, Bedford, Campbell, Halifax, and Pittsylvania, and the Cities of Charlottesville, Danville, and Lynchburg. The Company has a total of nineteen branches with one branch in Amherst County within the Town of Amherst, two branches in Bedford County; five branches in Campbell County, including two within the Town of Altavista, where the Bank was founded; one branch in the City of Charlottesville, three branches in the City of Danville; three branches in the City of Lynchburg; and three branches in Pittsylvania County, including one within the Town of Chatham. A Loan Production Office and a full-service branch have recently been opened in the South Boston area of Halifax County. First National Bank is in its 117th year of operation.
This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company. These forward-looking statements, including statements made in Mr. Hall’s quotes may include, but are not limited to, statements regarding the credit quality of our asset portfolio in future periods, the expected losses of nonperforming loans in future periods, returns and capital accretion during future periods, our cost of funds, the maintenance of our net interest margin, future operating results and business performance and our growth initiatives. Although we believe our plans and expectations reflected in these forward-looking statements are reasonable, our ability to predict results or the actual effect of future plans or strategies is inherently uncertain, and we can give no assurance that these plans or expectations will be achieved. Factors that could cause actual results to differ materially from management's expectations include, but are not limited to: changes in consumer spending and saving habits that may occur, including increased inflation; changes in general business, economic and market conditions; attracting, hiring, training, motivating and retaining qualified employees; changes in fiscal and monetary policies, and laws and regulations; changes in interest rates, inflation rates, deposit flows, loan demand and real estate values; changes in the quality or composition of the Company’s loan portfolio and the value of the collateral securing loans; changes in macroeconomic trends and uncertainty, including liquidity concerns at other financial institutions, and the potential for local and/or global economic recession; changes in demand for financial services in Pinnacle’s market areas; increased competition from both banks and non-banks in Pinnacle’s market areas; a deterioration in credit quality and/or a reduced demand for, or supply of, credit; increased information security risk, including cyber security risk, which may lead to potential business disruptions or financial losses; volatility in the securities markets generally, including in the value of securities in the Company’s securities portfolio or in the market price of Pinnacle common stock specifically; and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and you should not place undue reliance on such statements, which reflect our views as of the date of this release.
CONTACT: Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or bryanlemley@1stnatbk.com
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