Reports First Quarter Dividend
WINDSOR, VA, March 23, 2015 – Farmers Bankshares, Inc. (FBVA), the Windsor-based holding company for Farmers Bank, announced that the Board of Directors has declared a quarterly dividend of $0.22 per share to holders of common stock of the company. On an annualized basis the $0.22 per share dividend is increased over the dividend paid in December 2014 by $0.24 per share or 37 percent.
The record date for stockholders entitled to payment of the dividend will be the close of normal trading on April 1, 2015, with payment to occur by April 15, 2015.
The Board of Directors of Farmers Bankshares, Inc. has approved a three for one stock split that will occur in 2015. An application has been submitted to allow for the company’s stock to be traded on the NASDAQ market as an Over-the-Counter Bulletin Board stock under the symbol FBVA. We anticipate approval soon; at which time any stockbroker can assist with the purchase of the company’s stock, as well as with sales of holdings.
Farmers Bank, founded in 1919, is headquartered in Windsor, VA, and is a full-service community bank which operates six branches throughout Western Tidewater Virginia. Additional information is available at the company’s website, www.farmersbankva.com.
Contact: Richard J. Holland, Jr., Chairman and Chief Executive Officer, 757-450-4420