Kentucky Neighborhood Bank shareholders are receiving an early Christmas gift this year — checks for shares at an all-time high.
Checks went out Friday, KNB President and CEO Ronnie Pence said, at $3 for each dividend share. The bank has about 250 shareholders, Pence said.
"The bank continues to do well and in the last four years, we have been able to grow on top of the previous year,'' he said.
Dividends have been on the rise for KNB, going from 50 cents to $1 in 2011 and from $1 to $2 last year.