The Board of Directors of Surrey Bancorp (Pink Sheets: SRYB) last week declared a quarterly cash dividend of 10.5 cents per share on the company’s common stock. The cash dividend is payable on Oct. 9 to shareholders of record as of the close of business on Sept. 18.

Ted Ashby, president and CEO of Surrey Bancorp, stated the dividend was based on the company’s current operating results, its “strong financial condition and a commitment to delivering shareholder value.”

This will be the third consecutive quarter for the bank paying a 10.5-cent dividend. Prior to that, the bank had paid 10 cents for four consecutive quarters, along with a special cash dividend of 12 cents per share paid on Jan. 9.

Surrey Bancorp is the bank holding company for Surrey Bank & Trust and is located at 145 North Renfro Street, Mount Airy. The bank operates full-service branch offices at 145 North Renfro Street, 1280 West Pine Street and 2050 Rockford Street in Mount Airy. Full-service branch offices are also located at 653 South Key Street in Pilot Mountain, 393 CC Camp Road in Elkin and 1096 Main Street in North Wilkesboro, and 940 Woodland Drive in Stuart, Virginia.

Surrey Bank & Trust is engaged in the sale of insurance through its wholly owned subsidiary Surrey Investment Services, Inc. The insurance agency, dba SB&T Insurance, is located at 199 North Renfro Street in Mount Airy.

Surrey Bank & Trust can be found online at www.surreybank.com.