WYALUSING, Pa., Feb. 27, 2015 /PRNewswire/ -- Anthony J.
Gabello, President and Chief Executive Officer of Peoples LTD, has
announced that the Board of Directors has declared a first quarter
cash dividend in the amount of $0.40
per share payable on March 31,
2015. The cash dividend represents a 10.5% increase over the
cash dividend paid in the first quarter 2014 of $0.36 as adjusted for the 2014 year-end 5% stock
dividend.
The declaration of dividend, made at the regular meeting of the
Board of Directors on February 25,
2015, is payable to shareholders of record March 16, 2015.
Note: This press release may contain forward looking
statements as defined in the Private Securities Litigation Reform
Act of 1995. Actual results and trends could differ
materially from those set forth in such statements due to various
factors. These factors include operating, legal and
regulatory risks; changing economic and competitive conditions and
other risks and uncertainties.
Peoples LTD is the holding company for PS Bank. PS Bank
is an independent community bank established in 1914 with branch
locations throughout Bradford,
Sullivan and Wyoming counties. Book value for stock
of Peoples LTD was $47.35 as of
December 31, 2014 and is traded in
the Over-the-Counter market under the symbol PPLL Learn more about
PS Bank at www.PSBanking.com.
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SOURCE Peoples LTD