RESTON, Va.--(BUSINESS WIRE)--
John Marshall Bank (the “Bank”) (OTCQB: JMSB) today announced that the
Board of Directors of the Bank has approved a 6 for 5 stock split in the
form of a 20% stock dividend for shareholders of record on June 1, 2015,
payable on July 1, 2015. After the stock split, the number of
outstanding shares will increase from 8,316,961 to 9,980,353.
John Maxwell, Chairman and Chief Executive Officer of John Marshall
Bank, stated, “This stock split reflects the Bank’s solid performance
and the Board’s confidence in our ability to provide long-term value to
our shareholders. Thanks in large measure to the strength of our team of
outstanding bankers, and the customers we are privileged to serve, John
Marshall Bank has had strong performance and is positioned to maintain
continued growth prospects.”
This is the second stock split of the Company’s common stock in the past
two years. The first split occurred July 22, 2013.
As a result of its strong financial performance, John Marshall Bank has
once again been recognized by bank analyst SNL Financial in its annual
list of 100 top-performing community banks in the United States. For
this ranking, SNL defined community banks as institutions with assets
between $500 million and $5 billion.
About 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 a
limited service commercial branch located in Washington, DC. Further
information on the Bank can be obtained by visiting its website at www.johnmarshallbank.com.
For more information or to schedule an interview with a John Marshall
Bank spokesperson please contact Bruce Gemmill at 703-584-0870 or bgemmill@johnmarshallbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150519007186/en/
John Marshall Bank
John R. Maxwell, 703-584-0840
Source: John Marshall Bank