American National Bankshares Inc. (VA) Announces First Quarter 2010 Cash Dividend
| Source: American National Bankshares Inc.
DANVILLE, VA--(Marketwire - February 17, 2010) - American National Bankshares Inc., (NASDAQ : AMNB ), announced that its Board of Directors has declared a quarterly cash
dividend of $0.23 per share, payable March 19, 2010, to shareholders of
record March 5, 2010.
"The payment of appropriate dividends is a vital part of American
National's capital planning and management program," stated Charles H.
Majors, President and Chief Executive Officer. "We adhere to a dividend
policy based on a review of earnings, growth, capital and such other
factors that our board considers relevant to the dividend decision process.
We are pleased that we are able to continue to pay a strong dividend to our
shareholders."
American National Bankshares Inc. is a bank holding company with assets of
over $800 million. Headquartered in Danville, Virginia, it is the parent
company of American National Bank and Trust Company, a community bank with
eighteen banking offices serving Virginia and portions of North Carolina.
The Bank also manages an additional $400 million of assets in its Trust and
Investment Services Division. Additional information is available on the
Bank's website at www.amnb.com. The common shares of American National
Bankshares Inc. are traded on the NASDAQ Global Select Market under the
symbol AMNB.
This press release may contain "forward-looking statements," within the
meaning of federal securities laws that involve significant risks and
uncertainties. Statements herein are based on certain assumptions and
analyses by the Company and are factors it believes are appropriate in the
circumstances. Actual results could differ materially from those contained
in or implied by such statements for a variety of reasons including, but
not limited to: changes in interest rates; changes in accounting
principles, policies, or guidelines; significant changes in the economic
scenario; significant changes in regulatory requirements; and significant
changes in securities markets. Consequently, all forward-looking statements
made herein are qualified by these cautionary statements and the cautionary
language in the Company's most recent Form 10-K report and other documents
filed with the Securities and Exchange Commission. American National
Bankshares Inc. does not undertake to update forward-looking statements to
reflect circumstances or events that occur after the date the
forward-looking statements are made.