Burke & Herbert Bank Declares Quarterly Dividend
Alexandria, VA, January 23, 2015 – Burke & Herbert Bank announced that at the meeting of the Bank's Board of Directors on January 22, 2015, the Board declared a dividend of $17.00 per share payable on March 2, 2015 to shareholders of record as of the close of business on February 13, 2015. The quarterly dividend announced today is equal to the dividend paid for the same quarter last year.
"The Bank continues to perform well and enjoys a strong capital position," said E. Hunt Burke, the Bank's Chairman & Chief Executive Officer. "Our dividend announcement reflects our solid financial performance for 2014 and our continued work to deliver strong value for our shareholders. With customers as the focal point of our work and continued attention on meeting the banking, borrowing, and investing needs of consumers and businesses throughout Northern Virginia, we remain confident about a bright future for our Bank," he added.
Burke & Herbert Bank posted net income of $33.7 million for 2014 and ended the year with $2.6 billion in assets.
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, trust products and wealth management services. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.
Trust and wealth management products and 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.