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Lyons Bancorp announces dividend and board election updates

Lyons Bancorp, Inc., the parent company of The Lyons National Bank, has declared a quarterly cash dividend of 35 cents per share, to be paid on April 15, 2024, to shareholders of record as of March 29, 2024. This announcement reflects an annualized dividend yield exceeding 3.5% for the bank’s common stock.

In addition to the dividend declaration, the company’s board of directors has approved the nomination of David J. Breen, Jr., Joseph A. Fragnoli, and Teresa M. Jackson for re-election at the upcoming shareholders’ meeting on June 12. However, Robert A. Schick, the current chair and president of Lyons Bancorp, will retire and not seek re-election. The company has set April 30, 2024, as the record date for determining shareholder eligibility for voting at the 2024 annual meeting.

Lyons Bancorp, Inc. serves as the financial holding entity for The Lyons National Bank, a community-oriented bank with branches across multiple counties in New York, demonstrating its commitment to providing quality banking services to local communities.