LYBC, Inc. Increases Quarterly Dividend
The Board of Directors of Lyons Bancorp, Inc., the holding company for The Lyons National Bank, approved a 6% increase in the Company’s quarterly common stock dividend – from $.33 to $.35 per common share. The new dividend will be paid on July 15, 2011 to all shareholders of record as of June 30, 2011.
Robert A. Schick, President and Chief Executive Officer stated, “The Board’s confidence in the Bank’s ability to continuously grow our franchise profitability has afforded them this opportunity to again reward our shareholders. This is the 26th time in the past 11 years that the Board has approved an increase in our quarterly cash dividend.”
Lyons Bancorp, Inc. has total assets of $528 million as of March 31, 2011, and is the holding company for The Lyons National Bank. The Lyons National Bank is a community bank with offices in Lyons, Clyde, Macedon, Newark, Ontario, and Wolcott in Wayne County; Jordon in Onondaga County; Geneva in Ontario County; Penn Yan in Yates County; and Seneca Falls in Seneca County. Subsidiaries of The Lyons National Bank are Lyons Realty Associates Corp. and Lyons Life Agency, Inc.