PUTNAM — Thomas A. Borner, president and CEO of PSB Holdings, Inc., announced the company’s Board of Directors has declared a cash dividend on the company’s common stock of $.04 per share for the quarter ended Sept. 30, 2015. The dividend will be payable to all stockholders of record as of Oct. 21, 2015, and is scheduled to be paid on Nov. 4, 2015.

“We are pleased to announce the payment of this quarterly dividend,” said Borner. “These are exciting times for Putnam Bank, especially in light of the recent announcement of our proposed second-step conversion and stock offering. The payment of dividends is one way of providing a return to stockholders who have invested in our community bank. As local banks have disappeared, we will continue our brand of community banking for years to come in keeping with our 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.