Burke & Herbert Bank Declares Quarterly Dividend
Alexandria, VA -- Burke & Herbert Bank announced today that the Bank’s Board of Directors declared a dividend per share of $20.98 payable on December 1, 2011 to shareholders of record as of the close of business on November 15, 2011. Dividends paid in 2011, therefore, total $74 per share, an increase from $72 per share paid in 2010.
"We are pleased that the Bank continues to post strong financial results and deliver great value for our shareholders despite the challenging economic environment," said E. Hunt Burke, the Bank’s Chairman & Chief Executive Officer. "And, with our work to enhance and modernize the Bank’s brand – which includes investments in products, services, technology, and people – we are confident that the Bank will be well positioned for continued success."
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 and trust services. Burke & Herbert Bank is headquartered in Alexandria and operates 24 branches in Northern Virginia.