June 12, 2010 (FinancialWire) — The board of directors of Pioneer Bankshares, Inc. (OTCBB: PNBI) has declared a second quarter dividend of $0.15 per share.  This represents a 7.14% increase over the $0.14 the company paid for the same period in 2009. The total dividends paid year-to-date in 2010 equal $0.30 per share. The dividend is payable on June 30, 2010, to shareholders of record on June 22, 2010. Pioneer Bankshares is a bank holding company located in Page County, Virginia. The company owns and operates Pioneer Bank, which has six banking locations.

The bank also has a small consumer loan finance operation known as Valley Finance Services, a division of Pioneer Bank, which operates within the company’s Harrisonburg branch facility.

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