Pioneer Bankshares, Inc. Declares Dividend

                  Pioneer Bankshares, Inc. Declares Dividend

PR Newswire

STANLEY, Va., Dec. 12, 2013

STANLEY, Va., Dec. 12, 2013 /PRNewswire/ --The Board of Directors of Pioneer
Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 4^th quarter dividend
at its December 12^th, 2013 meeting. The dividend payment declared will be
paid at $0.17 per share for shareholders of record as of December 23, 2013 and
will be payable on December 30, 2013. This dividend payment is the same
amount paid in the prior quarter and brings the total dividend payments for
2013 to $0.67 per share. The total dividend payout for 2013 represents an
increase of 9.84% as compared to the prior year. 

Pioneer Bankshares, Inc. is a one bank holding company located in Virginia.
The corporate office and main branch are located in Stanley, Virginia, with
other offices located in Shenandoah, Luray, Harrisonburg, Stanardsville,
Ruckersville, and Charlottesville, Virginia. The Bank also operates a small
consumer loan finance company known as Valley Finance Services, a Division of
Pioneer Bank, which specializes in consumer and auto lending.

SOURCE Pioneer Bankshares, Inc.

Contact: Thomas R. Rosazza, President/CEO, Phone # 540-778-2294 x6300 or Lori
G. Hassett, Vice President/CFO, Phone # 540-778-2294, x 6302
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