Surrey Bancorp Declares Special Cash Dividend

Rhea-AI Summary

Surrey Bancorp (SRYB) has declared a special cash dividend of $0.12 per share, payable on December 10, 2021, to shareholders of record by November 30, 2021. This decision reflects the company's strong financial condition and commitment to shareholder value, as stated by President/CEO Ted Ashby. Surrey Bancorp operates Surrey Bank & Trust across multiple locations in North Carolina and Virginia, ensuring a robust local banking presence.

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• Declared a special cash dividend of $0.12 per share, demonstrating strong financial health.

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• None.

MOUNT AIRY, N.C., Nov. 03, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Surrey Bancorp (“the Company”, Pink Sheets: SRYB) announced today that it has declared a special cash dividend of 12 cents ($0.12) per share on the Company’s common stock. The cash dividend is payable on December 10, 2021, to shareholders of record as of the close of business on November 30, 2021. Ted Ashby, President/CEO of Surrey Bancorp, stated the dividend is based on the Company’s current operating results, its strong financial condition, and a commitment to delivering shareholder value.

Surrey Bancorp is the bank holding company for Surrey Bank & Trust (the “Bank”) and is located at 145 North Renfro Street, Mount Airy, North Carolina. The Bank operates full service branch offices at 145 North Renfro Street, and 2050 Rockford Street in Mount Airy and a limited service branch at 1280 West Pine Street in Mount Airy. Full-service branch offices are also located at 653 South Key Street in Pilot Mountain, 393 CC Camp Road in Elkin and 1096 Main Street in North Wilkesboro, North Carolina and 940 Woodland Drive in Stuart, Virginia.

Surrey Bank & Trust can be found online at www.surreybank.com.

For additional information, please contact
Ted Ashby, CEO, or Mark Towe, CFO
(336) 783-3900

FAQ

What is the special cash dividend amount for SRYB?

Surrey Bancorp has declared a special cash dividend of $0.12 per share.

When is the SRYB dividend payment date?

The dividend is payable on December 10, 2021.

Who is eligible for the SRYB dividend?

Shareholders of record as of November 30, 2021, are eligible for the dividend.

What factors influenced the SRYB dividend declaration?

The dividend reflects the company's strong financial condition and commitment to delivering shareholder value.