Pioneer Bankshares, Inc. Declares Dividend

STANLEY, Va., Sept. 11, 2014 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 3^rd quarter dividend at its September 11, 2014 meeting.  The dividend payment declared will be paid at $0.17 per share for shareholders of record as of September 22, 2014 and will be payable on September 30, 2014.  This dividend remains the same as the prior quarter and brings the total payout year-to-date to $0.51 per share.  This represents a 2.00% increase over the prior year.  The dividend payout also represents an annualized return on investment of 3.30% based on the current market trade value of $20.60 per share.

Pioneer Bankshares, Inc. is a one bank holding company located in Virginia.   The corporate office and main branch are located in Stanley, Virginia, with other offices located in Shenandoah, Luray, Harrisonburg, Stanardsville, Ruckersville, and Charlottesville, Virginia.  The Bank also operates a small consumer loan finance company known as Valley Finance Services, a Division of Pioneer Bank, which specializes in consumer and auto lending.

SOURCE Pioneer Bankshares, Inc.