South Atlantic Bancshares Declares Cash Dividend
South Atlantic Bancshares, Inc. (OTCQX: SABK), a prominent player in the banking industry, proudly announces the declaration of a cash dividend of $0.10 per share on its common stock. This decision comes as a result of the Company's remarkable performance and commitment to providing value to shareholders.
Continued Commitment to Shareholders
K. Wayne Wicker, the Chairman and Chief Executive Officer of South Atlantic Bancshares, expressed enthusiasm over this development, stating that this marks the company's fourth consecutive annual cash dividend. He noted the strong finish to the previous year and the momentum the Company is bringing into the next. This initiative not only showcases the company's stability but also its dedication to rewarding its investors.
Company Overview
South Atlantic Bancshares, Inc. serves as a registered bank holding company with total assets of approximately $1.9 billion. The associated banking subsidiary, South Atlantic Bank, is a full-service institution that thrives along the coastal regions, providing vital banking services to local residents and businesses. With twelve locations across South Carolina, the Bank emphasizes personalized community banking.
Services Offered
South Atlantic Bank provides an extensive range of consumer and commercial banking products designed to meet the varying needs of its customers. Key services include mortgage loans, treasury management, and convenient mobile banking solutions through the South Atlantic Bank goMobile app. Their offerings also encompass internet banking, checking accounts, certificates of deposit, money market accounts, and various merchant services.
Investor Relations and Transparency
The Company is committed to transparency and investor relations, maintaining a well-structured online presence equipped with essential resources for investors. This includes access to annual meeting materials, financial reports, and significant company updates. South Atlantic Bancshares intends to leverage its website as a primary channel for disseminating non-public information alongside its necessary disclosure obligations.
How Investors Can Stay Informed
Interested investors are encouraged to stay updated by frequently checking the Company's website where important developments are posted. This initiative forms a key part of the Company's communication strategy and aligns with its commitment to public accountability.
Contact Information
For further inquiries, investors can reach out to K. Wayne Wicker, the Chairman & CEO, at 843-839-4410 or Matthew Hobert, the EVP & CFO, at 843-839-4945. The Company encourages open communication, ensuring that interested parties have the information they need.
Frequently Asked Questions
1. What is the amount of the declared cash dividend?
The declared cash dividend is $0.10 per share on the common stock of South Atlantic Bancshares.
2. When will the dividend be payable?
The dividend will be payable on a date announced by the Company after the record date.
3. How many consecutive years has South Atlantic Bancshares declared a dividend?
South Atlantic Bancshares has declared a dividend for four consecutive years.
4. What services does South Atlantic Bank provide?
South Atlantic Bank offers a full range of consumer and commercial banking products, including mortgages, checking accounts, and mobile banking services.
5. Where can I find more information about South Atlantic Bancshares?
More information can be found on the Company’s website as well as its investor relations section.
