Lyons Bancorp Increases Quarterly Dividend
The Board of Directors of Lyons Bancorp, Inc., the holding company for The Lyons National Bank, approved a 14% increase in the Company’s quarterly common stock dividend – from $0.35 to $0.40 per common share. The new dividend will be paid on January 13, 2012 to all shareholders of record as of December 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 for their long-standing trust and confidence. This is the 27th 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 $540 million as of September 30, 2011. 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 Waterloo in Seneca County. Subsidiaries of The Lyons National Bank are Lyons Realty Associates Corp. and Lyons Life Agency, Inc. Visit BankwithLNB.com for more information.