Touchstone Bankshares, Inc. announced on September 19, 2024, that its Board of Directors declared a pro rata annual cash dividend of $0.16 per share. This dividend is being issued in anticipation of its previously announced merger with First National Corporation.
The dividend is payable on September 27, 2024, to shareholders of record as of September 20, 2024. This action aligns with the expected closing of the merger in the fourth quarter of 2024, subject to customary closing conditions.
The declaration of this dividend by Touchstone Bankshares indicates that the merger with First National Corporation is progressing as planned. This provides a clear signal to the market regarding the imminent expansion of First National Corporation's operations and geographic reach.
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