Peoples LTD Declares Dividend
Wyalusing, PA - Anthony J. Gabello, President and Chief Executive Officer of Peoples LTD, and Peoples State Bank of Wyalusing, has announced that the Board of Directors has declared a first quarter cash dividend in the amount of $.30 per share. The dividend, payable on March 30, 2012, represents a 25% increase over the dividend paid in the fourth quarter, 2011, of $.24 as adjusted to reflect a 5% stock dividend.
"The Board is pleased to approve this dividend payment to shareholders. It represents the continued improvement of the Bank's performance as well as a commitment to returning value to our shareholders," commented Gabello. The declaration of dividend, made at the regular meeting of the Bank's Board of Directors on February 22, 2012, is payable to shareholders of record March 15, 2012.
Note: This press release may contain forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.
Peoples LTD is the holding company for Peoples State Bank of Wyalusing. Peoples State Bank is an independent community bank with branch locations throughout Bradford, Sullivan and Wyoming Counties. Stock of Peoples LTD is traded in the Over-the-Counter market under the symbol PPLL. Learn more about Peoples State Bank at www.peoplesbankpa.com.
ALERTS & INFORMATION
Peoples LTD, the parent company of Peoples State Bank of Wyalusing, has announced that the Board of Directors has declared a fo