WARRENTON, Va., Feb. 21, 2020 /PRNewswire/ — Fauquier Bankshares, Inc. (NASDAQ: FBSS) introduced immediately that its Board of Administrators on February 20, 2020 declared a quarterly dividend of $0.125 per share. This represents a $0.50 dividend on an annualized foundation. This dividend was declared for shareholders of file as of the shut of enterprise on March 13, 2020 and shall be payable on April 1, 2020.
Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Financial institution, had mixed belongings of $722.2 million and complete shareholders’ fairness of $67.1 million at December 31, 2019. The Fauquier Financial institution is an unbiased group financial institution providing a full vary of monetary companies, together with web banking, cellular banking, business, retail, insurance coverage, wealth administration, and monetary planning companies by means of eleven banking places of work positioned in Fauquier and Prince William Counties in Virginia.
This press launch might include “forward-looking statements” as outlined by federal securities legal guidelines. These statements handle points that contain dangers, uncertainties, estimates and assumptions made by administration, and precise outcomes might differ materially from the outcomes contemplated by these forward-looking statements. Elements that might have a cloth adversarial impact on the Firm’s operations and future prospects embrace, however are usually not restricted to, modifications in: rates of interest, basic financial situations, legislative/regulatory local weather, financial and financial insurance policies of the U.S. Authorities, together with insurance policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the standard or composition of the mortgage or funding portfolios, demand for mortgage merchandise, the worth of the collateral securing loans within the portfolio, deposit flows, the extent of web charge-offs on loans and the adequacy of the allowance for mortgage losses, competitors, demand for monetary companies within the Firm’s market space, the Firm’s plans to extend market share, mergers, acquisitions and tendencies and tax and accounting rules, insurance policies and tips. Readers ought to contemplate these dangers and uncertainties in evaluating our forward-looking statements and mustn’t place undue reliance on such statements. We undertake no obligation to replace these statements following the date of this press launch.
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SOURCE Fauquier Bankshares, Inc.