EX-99.1 2 tv504969_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

PB Bancorp, Inc.

News Release

 

 

FOR IMMEDIATE RELEASE
Contact: Thomas A. Borner, President and CEO, PB Bancorp, Inc.
Telephone: (860) 928-6501

 

PB BANCORP, INC. ANNOUNCES INCREASED QUARTERLY DIVIDEND

 

PUTNAM, CT – October 18, 2018 – Thomas A. Borner, President and CEO of PB Bancorp, Inc., has announced that the Company’s Board of Directors has declared an increased quarterly cash dividend on the Company’s common stock of $0.07 per share. The dividend will be payable to all stockholders of record as of October 31, 2018, and is scheduled to be paid on November 14, 2018.

 

"We are pleased to announce this increase in our quarterly dividend payment for the Holding Company" said Mr. Borner. “We’ve just completed a record year and believe that providing a reasonable return to our stockholders is an important part of being a community bank.  We look forward to sustained success and in building on our brand of community banking. We remain confident that serving our mission of enhancing the quality of life in the communities we serve is good for all of us”.

 

PB Bancorp, Inc., headquartered in Putnam, Connecticut, is the parent of Putnam Bank, a state chartered stock savings bank founded in 1862. The Bank offers a wide range of financial services through its eight full-service offices. Putnam Bank also operates a full-service loan center in Putnam, Connecticut. The Bank's deposits are insured by the Federal Deposit Insurance Corporation. PB Bancorp, Inc.’s common stock trades on the NASDAQ Capital Market under the symbol PBBI.

 

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