Lyons Bancorp Declares Preferred and Common Stock Dividends
Canandaigua Clyde Geneva Jordan Lyons Macedon Newark Ontario Penn Yan Seneca County Wolcott Perinton Park Lyons (Main) Auburn (Downtown) Auburn (Grant Ave.), New York
At its recent meeting, the Board of Directors of Lyons Bancorp, Inc., a financial holding company and the parent of The Lyons National Bank, declared its quarterly dividend on both its convertible preferred and common stock. The dividend on its 5% convertible preferred will be paid on December 15, 2018, to all shareholders of record as of the close of business on November 30, 2018. The quarterly common stock dividend of $0.30 per share will be paid on January 15, 2019, to all shareholders of record as of the close of business on December 31, 2018. “The Board’s action is rooted in our continued increase in earnings,” said Board Chair and Chief Executive Officer, Robert A. Schick. “This earnings growth is a result of our sustained balance sheet growth.”
The Lyons National Bank is a community bank located in the Finger Lakes region of Upstate New York with offices in Lyons, Clyde, Macedon, Newark, Ontario, and Wolcott in Wayne County; Jordan in Onondaga County; Geneva and Canandaigua in Ontario County; Penn Yan in Yates County; Waterloo in Seneca County; Perinton in Monroe County; and Auburn in Cayuga County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.
This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate” or “continue,” or comparable terminology, are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which are not within the control of the Company. The forward-looking statements included in this press release are made onlyas of the date of this press release. The Company has no intention, and does not assume any obligation, to update these forward-looking statements.