VALDOSTA, Ga., Dec. 23, 2003 (PRIMEZONE) -- On December 22, 2003, the Board of Directors for PAB Bankshares, Inc. (AMEX:PAB) approved a quarterly dividend in the amount of $.07 per share payable on January 15, 2004 to its stockholders of record on December 31, 2003. This is an increase of two cents over the $.05 per share paid for the third quarter of 2003.
Through its subsidiary, The Park Avenue Bank, the Company operates 16 banking offices and 2 loan production offices in Georgia and Florida. The Company's common stock is traded on the American Stock Exchange under the symbol "PAB". More information on the Company and the products and services offered through its subsidiary bank is available on the Internet at www.pabbankshares.com.