SHEPHERDSTOWN, W. Va.--(BUSINESS WIRE)--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 21, 2018 meeting in the amount of $0.70 per share, payable on March 16, 2018 to shareholders of record on March 5, 2018. This represents an increase of 16.6% when comparing the previous dividend in 2017 of $0.60 per share.
“We are pleased to deliver an increased dividend to our shareholders and remain committed to building sustained shareholder value,” said Cindy Kitner, President and CEO.
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.
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