October 31, 2023
Lyons Bancorp, Inc. (LYBC), the parent financial holding company of The Lyons National Bank (LNB), today declared a one-time special cash dividend of $0.07 per share on all of its outstanding common stock. The dividend will be paid on December 11, 2023, to all shareholders of record at the close of business on November 30, 2023.
"We have many shareholders who have been with us for a long time," said Robert A. Schick, Chairman of the Board. "Through thick and thin, they continue to believe in who we are, our vision of the community culture we outlined and built, and our financial game plan for long-term growth and profitability. This has never been more apparent than now. They have remained faithful investors in the Bank during this extended period of challenging times for the banking industry and the resulting volatile stock market. The Board and management sincerely appreciate their loyalty and feel that this special dividend is a small thank you for that loyalty."