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Providence Bank announces quarterly dividend

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From Contributed Reports

Monday, November 5, 2018

Ted E. Whitehurst, president and CEO of PB Financial Corp., the holding company for Providence Bank, announced last week that the company’s Board of Directors approved a quarterly cash dividend of $0.135 per share on common stock outstanding to shareholders of record at the close of business on Nov. 14, 2018.

The dividend is payable Nov. 29. This is an increase of approximately 22.73 percent from the dividend paid during the fourth quarter of 2017 and represents a $0.54 dividend on an annual basis and a yield of 2.35 percent, based on the last known trade of $23 per share.

“This represents our 28th consecutive quarterly cash dividend,” Whitehurst said. “Our consistent financial performance has allowed us to increase our cash dividend every quarter since we began paying dividends in the first quarter of 2012. This represents seven consecutive years that we have not only paid but also increased the quarterly cash dividend. This increase is part of our strategy to continue to enhance shareholder value.”

PB Financial Corp. is headquartered at 450 N. Winstead Ave. As of Sept. 30, PB Financial Corp. had total assets of $439.9 million, loans of $344.4 million and total deposits of $352.5 million.

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