PSB Holding Corp. Declares Stock Split

PRESTON, Md., Jan. 4, 2019 /PRNewswire/ -- PSB HOLDING CORP. PSBP today announced that its Board of Directors declared a two and a half-for-one forward stock split of PSB Holding Corp. common stock. Each share of common stock outstanding immediately prior to the effective time of the articles of amendment effecting the stock split on December 28, 2018, became two and one-half shares. Stockholders otherwise entitled to a fraction of a share as a result of the split will receive a cash payment in lieu of any such fractional shares.

About PSB Holding Corp.

PSB Holding Corp. PSBP is the holding company of Provident State Bank, Inc., a full service financial institution serving the eastern shore of Maryland since 1904. Provident State Bank, Inc. has nine locations in Preston, Federalsburg, Ridgely, Denton, Easton-Elliot Road, Easton – Harrison Street, Secretary, Cambridge and Salisbury. For more information on PSB Holding Corp. and Provident State Bank, Inc., visit www.providentstatebank.com.

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SOURCE PSB Holding Corp.