Somerset Trust Holding Company Declares 4th Quarter Dividend

Published on November 22, 2021

Allison Hoffman
Vice President, Marketing & Customer Experience 814-443-9277

Somerset Trust Holding Company Declares 4th Quarter Dividend

SOMERSET, PA (November 22, 2021) - The Board of Directors of Somerset Trust Holding Company (OTC Pink: SOME), the holding company of Somerset Trust Company, at its meeting held on November 18, 2021, declared a quarterly dividend in the amount of $0.39 per share of Common Stock. This dividend represents a $0.01 per share increase over the last quarter’s dividend of $0.38 per share of Common Stock, which was paid in September of 2021. This dividend is payable on December 20, 2021, to the shareholders of record as of the close of business on December 10, 2021.

This dividend increase continues Somerset Trust Holding Company’s practice of consistently raising dividends, which have increased annually each year since 2001.

About Somerset Trust Holding Company
Somerset Trust Holding Company, the parent entity of Somerset Trust Company, is headquartered in Somerset, Pennsylvania. As a community bank, Somerset Trust Company represents a network of over 40 branches throughout Somerset, Cambria, Fayette, Westmoreland, and Bedford Counties in Pennsylvania, and Garrett and Allegany Counties in Maryland, as well as a loan production office in northern Virginia. The bank has been independent and locally managed since its establishment in 1889, and is one of the last independently owned banks in the region. Today, Somerset Trust Company maintains over $1.8 billion in assets and employs over 475 employees. In addition to consumer and commercial lending and deposit products, the bank offers Trust and Investment Management, an extensive ATM network including fee free use at over 55,000 ATMs, and award winning online and mobile banking for consumers and businesses. Somerset Trust is committed to providing excellent service and competitive products, as well as maintaining a high profile in the growth and economic development of the markets it serves.