Dividend declared

PUTNAM —  Thomas A. Borner, president and CEO of PSB Holdings, Inc., has announced that the company’s Board of Directors has declared a quarterly cash dividend of $.04 per share of the company’s common stock. The dividend will be payable to all stockholders of record as of July 29, 2015, and is scheduled to be paid on Aug. 12, 2015. 

“We are pleased to announce the payment of this quarterly dividend,” said Borner. “Putnam Bank has emerged from the most recent economic downturn as a better and stronger financial institution in many ways. We will continue our brand of community banking, following our new tag line; Together We Make a Difference as we have for the last 153 years of service to all of eastern Connecticut”. 

The Company is the majority-owned subsidiary of Putnam Bancorp, MHC, a federal mutual holding company, which owns 3,729,846 of the Company’s outstanding shares.