PSB Holdings Inc. Declares Semi-Annual Cash Dividend, Payable December 28, 2012; Appoints Lee A. Guenther as a Director Effective at the January 2013
November 30, 2012 at 03:51 pm EST
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PSB Holdings Inc. announced that its board of directors on November 28, 2012 declared a regular semi-annual cash dividend of $0.38 per share, payable December 28, 2012 to shareholders of record as of December 14, 2012. This represents an increase of 7.8% over the semi-annual cash dividend of $0.352 per share (adjusted for the 5% dividend paid in the form of PSB common stock on July 30, 2012) declared last year on December 20, 2011.
The company announced that, at its meeting on November 28, 2012, the company's board of directors had increased the size of the board to twelve and appointed Lee A. Guenther as a director effective at the January 2013 board meeting. Mr. Guenther, 60, is the Chief Executive Officer of T. A. Solberg Co. Inc.
PSB Holdings, Inc. is a holding company for Peoples State Bank (Peoples). Peoples is a community bank, which serves north central and southeastern Wisconsin with 10 full-service banking locations in Marathon, Oneida, Vilas, Milwaukee and Waukesha counties and a loan production office in Stevens Point, Wisconsin. Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples. Its commercial and industrial loans, municipal loans and agricultural loans are primarily for working capital, physical asset expansion and asset acquisition loans. Its commercial real estate loans are primarily secured by owner and non-owner-occupied office and industrial buildings, warehouses, small retail shopping facilities and various special purpose properties, including hotels and restaurants. Its construction and land development loans are secured by vacant land and/or property that is in the process of improvement.
PSB HOLDINGS, INC. 