PAB Bankshares (PABK) Suspends Qtr. Dividend
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PAB Bankshares, Inc. (Nasdaq: PABK) today announced that it will not declare a dividend on its common stock for Q308.
M. Burke Welsh, Jr., PAB's President and CEO, said, "While our subsidiary bank is well capitalized, and we continue to serve the financial needs of our communities, given the uncertainties in the economy and the decline in our earnings, we are suspending our quarterly dividend until our earnings improve."
PAB Bankshares, Inc. operates as the holding company for The Park Avenue Bank, which provides various banking products and services to commercial and individual customers in Georgia and Florida.
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