May 20. Mount Airy-based Surrey Bancorp has declared a quarterly cash dividend of 10.5 cents a share on the company’s common stock. The cash dividend is payable on July 10 to shareholders of record as of the close of business on June 19.

Ted Ashby, 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.

Surrey Bancorp is the bank holding company for Surrey Bank & Trust on North Renfro Street in Mount Airy. The bank also has branch offices in Pilot Mountain, Elkin, North Wilkesboro and in Stuart, Virginia.

Its insurance agency, dba SB&T Insurance, is located at 199 North Renfro Street in Mount Airy.  More info: www.surreybank.com.