WARRENTON, Va., Nov. 22, 2019 /PRNewswire/ -- Fauquier
Bankshares, Inc. (NASDAQ: FBSS) announced today that its Board of
Directors on November 21, 2019
declared a quarterly dividend of $0.125 per share, an increase of a half a cent
per share. This represents a $0.50
dividend on an annualized basis. This dividend was declared
for shareholders of record as of the close of business on
December 13, 2019 and will be payable
on January 2, 2020.
Fauquier Bankshares, Inc. and its principal subsidiary, The
Fauquier Bank, had combined assets of $726.3
million and total shareholders' equity of $66.0 million at September
30, 2019. The Fauquier Bank is an independent community bank
offering a full range of financial services, including internet
banking, mobile banking with mobile deposit, commercial, retail,
insurance, wealth management, and financial planning services
through eleven banking offices located in Fauquier and Prince
William Counties in Virginia.
This press release may contain "forward-looking statements"
as defined by federal securities laws. These statements address
issues that involve risks, uncertainties, estimates and assumptions
made by management, and actual results could differ materially from
the results contemplated by these forward-looking statements.
Factors that could have a material adverse effect on the Company's
operations and future prospects include, but are not limited to,
changes in: interest rates, general economic conditions,
legislative/regulatory climate, monetary and fiscal policies of the
U.S. Government, including policies of the U.S. Treasury and the
Board of Governors of the Federal Reserve System, the quality or
composition of the loan or investment portfolios, demand for loan
products, the value of the collateral securing loans in the
portfolio, deposit flows, the level of net charge-offs on loans and
the adequacy of the allowance for loan losses, competition, demand
for financial services in the Company's market area, the Company's
plans to increase market share, mergers, acquisitions and
dispositions and tax and accounting principles, policies and
guidelines. Readers should consider these risks and uncertainties
in evaluating our forward-looking statements and should not place
undue reliance on such statements. We undertake no obligation to
update these statements following the date of this press
release.
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SOURCE Fauquier Bankshares, Inc.
