Local bank doubles its dividend

After experiencing its most profitable year to date in 2011, Hardin County-based Kentucky Neighborhood Bank announced to shareholders it will double its dividend.

The bank will double its dividend from 50 cents to $1, it announced to shareholders last week in a letter.

“I give credit to the customers we’ve got and the great employees,” said President and CEO Ronnie Pence, who called the bank’s successful year “humbling.”

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