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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Jefferson Security Bank Announces an Increase in the Semi-Annual Dividend

February 22, 2019

SHEPHERDSTOWN, W.Va.--(BUSINESS WIRE)--Feb 22, 2019--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 20, 2019 meeting in the amount of $0.85 per share, payable on March 15, 2019 to shareholders of record on March 4, 2019. This represents an increase of $0.10 per share when comparing the previous semi-annual dividend in 2018 of $0.75 per share.

“It is exciting to announce this increase in dividend. We remain focused on building capital for our future and continuing our commitment to drive value for our shareholders,” said Cindy Kitner, President and CEO. “We value our shareholders and appreciate their continued support.”

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190222005496/en/

CONTACT: Jenna Kesecker

Executive Vice President and Chief Financial Officer

304-876-9016

KEYWORD: UNITED STATES NORTH AMERICA WEST VIRGINIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES

SOURCE: Jefferson Security Bank

Copyright Business Wire 2019.

PUB: 02/22/2019 04:00 PM/DISC: 02/22/2019 04:01 PM

http://www.businesswire.com/news/home/20190222005496/en