Hamlin Bank & Trust Company (OTCPK:HMLN) is a six branch community bank primarily serving McKean County in northwestern Pennsylvania. The company is the oldest financial institution in the region, dating to 1863, and largely remains a residential lender consistent with a traditional savings and loan. The company’s shares are closely held and infrequently traded – only about 368,000 shares are outstanding – and the bank is consequently virtually unnoticed by the investment community.
Hamlin’s primary headline attraction is its dividend – at an annual $11.00 per share (paid in semiannual installments) the current