ATLANTA, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (SCSG:PK) announced today the issuance of a $0.60/share special dividend. “Everyone at SouthCrest would like to thank the shareholders who have supported the Company, and this return of capital is indicative of the vast improvement in the operational and financial position of SouthCrest Financial Group,” said Schmitt. “Importantly, we believe that after this dividend, the Company has sufficient capital to take advantage of any strategic growth opportunity that may present itself.”
The dividend will be payable on February 15, 2018 to all shareholders of record as of February 1, 2018.
SouthCrest Financial Group, Inc. is a bank holding company with over half a billion dollars in assets, headquartered in Atlanta, GA. The company operates a nine-branch network throughout Georgia through its subsidiary bank, SouthCrest Bank, N.A. The bank provides a full suite of retail, private, entrepreneurial, high-net-worth and commercial banking services, and online banking services.
FORWARD LOOKING STATEMENTS
This presentation may contain certain “forward-looking statements” that are subject to risks, uncertainties, and other factors that could cause actual results and shareholder values to differ materially from those projected. Factors that could cause or contribute to such differences include economic conditions, government regulation and legislation, changes in interest rates, credit quality, competition, and other risk factors.
Chief Financial Officer
Andrew Bowen, APR
Source:SouthCrest Financial Group, Inc.