Burke & Herbert Bank Declares Quarterly Dividend
Alexandria, VA, Oct. 18, 2013 – Burke & Herbert Bank announced today that the Bank's Board of Directors declared a dividend of $20.00 per share payable on December 2, 2013 to shareholders of record as of the close of business on November 15, 2013. The current dividend represents a $1.00 per share increase over the amount paid on September 1, 2013.
"Our dividend announcement today reflects the Bank’s ongoing solid performance. We are pleased that the Bank continues to produce strong financial results and deliver value for our shareholders,” noted E. Hunt Burke, the Bank's Chairman & Chief Executive Officer.
Burke & Herbert Bank posted net income of $8.8 million for the third quarter of 2013. Per-share earnings were $45.95 for the quarter.
Burke & Herbert Bank, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C., area. The Bank offers a full range of personal and business banking products along with investment accounts and trust services. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.
Trust products and wealth management services are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank and may lose value.