Burke & Herbert Bank Declares Quarterly Dividend
Reflects Bank's Strong Financial Performance
Alexandria, VA – Burke & Herbert Bank announced today that the Bank’s Board of Directors declared a dividend per share of $17.00 payable on March 1, 2012 to shareholders of record as of the close of business on February 15, 2012.
"Today’s dividend announcement reflects the continued strong financial performance of Burke & Herbert Bank," said E. Hunt Burke, the Bank’s Chairman & Chief Executive Officer. "We had another terrific year in 2011, the fourth consecutive year in which we posted record earnings."
The Bank’s net income for 2011 reached $35.6 million, an increase of $1.3 million or 3.9% over the prior year. Earnings per share for the year of $184.97 increased from $178.05 in 2010.
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 25 branches in Northern Virginia.
Trust products and services are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank and may lose value.