SOURCE: Surrey Bancorp

Surrey Bancorp

December 16, 2011 08:30 ET

Surrey Bancorp Announces Special Cash Dividend of $0.15 per Share

MOUNT AIRY, NC--(Marketwire - Dec 16, 2011) - The Board of Directors of Surrey Bancorp ("the Company") (OTCBB: SRYB) (PINKSHEETS: SRYB) has declared a special cash dividend of 15 cents ($0.15) per share on the Company's common stock. The cash dividend is payable on January 6, 2012, to shareholders of record as of December 27, 2011. This cash dividend follows a common stock dividend of 10 percent declared by the Company in November 2011. Ted Ashby, President of Surrey Bancorp, stated the dividend was based on the Company's operating results over the past three years, its strong financial condition and a commitment to delivering shareholder value.

Surrey Bancorp is the bank holding company for Surrey Bank & Trust (the "Bank") and is located at 145 North Renfro Street, Mount Airy, North Carolina. The Bank operates full service branch offices at 145 North Renfro Street, 1280 West Pine Street and 2050 Rockford Street in Mount Airy. Full-service branch offices are also located at 653 South Key Street in Pilot Mountain, North Carolina, and 940 Woodland Drive in Stuart, Virginia.

Surrey Bank & Trust is engaged in the sale of insurance through its wholly owned subsidiary, SB&T Insurance, located at 199 North Renfro Street in Mount Airy. The Bank also owns Surrey Investment Services, Inc., which provides full-service brokerage and investment advice through an association with LPL Financial, and Freedom Finance, LLC, a sales finance company located at 165 North Renfro Street in Mount Airy.

Surrey Bank & Trust can be found online at www.surreybank.com.

Contact Information

  • For additional information, please contact
    Ted Ashby
    CEO
    Mark Towe
    CFO
    (336) 783-3900