BSXT Boe Fin Serv of Virginia (MM)

TAPPAHANNOCK, Va., June 6 /PRNewswire-FirstCall/ -- BOE Financial Services of Virginia, Inc. (NASDAQ:BSXT), parent company of its wholly-owned subsidiary Bank of Essex, announced today that on May 25, 2006 its Board of Directors declared a mid-year dividend of $0.38 per share. The dividend will be paid on June 30, 2006 to shareholders of record June 16, 2006. This June 30, 2006 dividend of $0.38 per share represents an increase of 8.6% compared to the $0.35 dividend paid June 30, 2005. The annualized dividend rate per share is now $0.76. Bank of Essex, based in Tappahannock, has six full service banking offices strategically located in Tappahannock, Central Garage, Mechanicsville, West Point and Glen Allen. The bank has total assets of $274 million and offers a broad range of financial services to consumers and businesses. DATASOURCE: BOE Financial Services of Virginia, Inc. CONTACT: Investors: Bruce E. Thomas, Senior Vice President-Chief Financial Officer of BOE Financial Services of Virginia, Inc., +1-804-443-4343, Web site: http://www.bankofessex.com/

Copyright