CCB Bankshares Inc. (OTCQB: CZYB), the holding company for Citizens Community Bank, recently announced that at its Nov. 16 meeting, its board of directors declared an annual cash dividend of 9 cents per share to common shareholders of record on Dec. 5, payable on Jan. 17.

“We are gratified that we can reward our shareholders with this dividend,” James R. Black, president and chief executive officer, commented.

The 9 cents per share dividend is an increase of 2 cents or 28.6 pecent over 2015.

CCB Bankshares Inc. is a holding company formed in 2015 under the laws of the Commonwealth of Virginia, with Citizens Community Bank (“CCB”) as its primary subsidiary. CCB is a Virginia state-chartered bank headquartered in South Hill. Opened in December 1999, it operates six branches, three in south central Virginia and three in northern North Carolina. For more information and additional financial data, visit www.myccb.bank.