September 3, 2020
At its recent meeting, the Board of Directors of Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank, declared the Company's quarterly cash dividend on both its preferred and common stock. The Board declared the regular quarterly dividend on the Company's 5.00% cumulative preferred stock. That dividend is payable on September 15, 2020, to all preferred shareholders of record at the close of business on August 31, 2020. The Board also declared a $0.31 quarterly cash dividend on its common stock. This dividend is payable on October 15, 2020, to all common stock shareholders of record at the close of business on September 30, 2020. At the time of this release, the annualized dividend yield on the Bank's common stock exceeded 3.62%.
Lyons Bancorp, Inc. is a financial holding company headquartered in Lyons, New York, with assets of $1.4 billion. Lyons Bancorp has one banking subsidiary, 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; Jordan in Onondaga County; Canandaigua, Farmington and Geneva in Ontario County; Penn Yan in Yates County; Waterloo in Seneca County; Perinton in Monroe County and Auburn in Cayuga County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.