Peoples LTD declares 4Q dividend
Peoples LTD, the parent company of Peoples State Bank of Wyalusing, has announced that the Board of Directors has declared a fourth quarter cash dividend in
the amount of $.36 per share, and a 5% stock dividend, payable on Dec. 21, 2012.
The cash dividend represents a 50% increase over the cash dividend paid in the fourth quarter 2011, of $.24 as adjusted to reflect the 5% 2011 year end stock dividend.
The declaration of dividend, made at the regular meeting of the Bank's Board of Directors on Oct. 24, 2012, is payable to shareholders of record Nov. 30, 2012.
In September, the Board of Directors of Peoples State Bank announced a re-branding initiative along with a name change to PS Bank, effective in mid November. This strategic decision will provide a marketing advantage in existing markets and brand recognition in new markets. The bank will celebrate its 100 year anniversary in 2014.