STANLEY, Va., May 9, 2013 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 2nd quarter dividend at its May 9, 2013 meeting.   The dividend payment declared will be paid at $0.17 per share for shareholders of record as of June 13, 2013 and will be payable on June 28, 2013.  This dividend payment represents a 13.33% increase when compared to the same period last year and is also a 6.25% increase over the 1st quarter of 2013.

Pioneer Bankshares, Inc. is a one bank holding company located in Virginia.   The corporate office and main branch are located in Stanley, Virginia, with other offices located in Shenandoah, Luray, Harrisonburg, Stanardsville, Ruckersville, and Charlottesville, Virginia.  The Bank also operates a small consumer loan finance company known as Valley Finance Services, a Division of Pioneer Bank, which specializes in consumer and auto lending.

SOURCE Pioneer Bankshares, Inc.