John Marshall Bancorp, Inc. (OTCQB:JMSB) this week announced that the Board of Directors of the Company has approved a 5 for 4 stock split in the form of a 25% stock dividend for shareholders of record on August 15, 2017, payable on September 5, 2017.
As a result of the dividend, the number of outstanding shares will increase to approximately 12.80 million shares.
“The Company’s financial performance and community bank market conditions continue to improve and we are pleased to reward our loyal shareholders with this stock dividend,” said John Maxwell, Chairman & CEO of the Company.
John Marshall Bancorp, Inc. is the bank holding company for John Marshall Bank. John Marshall Bank is headquartered in Reston, Virginia and has five full-service branches located in Reston, Leesburg, Arlington, Alexandria and Rockville. The Bank also has limited service commercial branch located in Washington, DC and a loan production office located in Tysons Corner, VA.
Further information on the Bank can be obtained by visiting its website.