President and CEO of Jefferson Security Bank (OTCQB: JFWV), Cindy Kitner, announced at the Annual Meeting of the Shareholders today, April 24, 2019, the Board of Directors approval of a special one-time dividend in the amount of $0.65 per share. The dividend will be paid on May 17, 2019 to shareholders of record on May 3, 2019. Given the February semi-annual dividend of $0.85 per share, this brings the total dividends declared to $1.50 per share so far this year in honor of our 150th anniversary on May 19, 2019.
We are proud to be celebrating the Banks 150th anniversary with the announcement of this special dividend. Not only is this a commemoration of our long history of community banking as the oldest corporation in West Virginia, but it also serves to show our appreciation of the support provided by our shareholders, 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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Executive Vice President and Chief Financial Officer