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Southwest Georgia Financial Corporation Declares Quarterly Cash Dividend

By The Associated Press

MOULTRIE, Ga.--(BUSINESS WIRE)--May 29, 2019--

(the “Company”) (NYSE American:SGB) , a full-service community bank holding company, announced that its Board of Directors declared a quarterly cash dividend of $0.12 per common share. The dividend is payable June 20, 2019 to shareholders of record on June 10, 2019. The Company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 91 consecutive years.

The Company also announced the results of shareholder voting that took place during the 2019 annual meeting.

The shareholders reelected, for one-year terms to the Board of Directors, Cecil H. Barber, John J. Cole, Jr., DeWitt Drew, Richard L. Moss, Roy H. Reeves, Johnny R. Slocumb, M. Lane Wear and Marcus R. Wells. Shareholders also voted to approve the advisory “say on pay” resolution, supporting the compensation plan for the executive officers, and approved a one year frequency of future advisory “say on pay” votes. Additionally, shareholders voted to ratify the appointment of TJS Deemer Dana LLP as independent auditors for the fiscal year 2019.

Southwest Georgia Financial Corporation is a state-chartered bank holding company with approximately $551 million in assets headquartered in Moultrie, Georgia. Its primary subsidiary, Southwest Georgia Bank, offers comprehensive financial services to consumer, business, and government customers. The current banking facilities include the main office located in Colquitt County, and branch offices located in Baker County, Worth County, Lowndes County and Tift County. In addition to conventional banking services, the Company provides investment planning and management, trust management, and commercial and individual insurance products. Insurance products and advice are provided by Southwest Georgia Insurance Services, which is located in Colquitt County. The Company routinely posts news and other important information on its website.

More information on Southwest Georgia Financial Corp. and Southwest Georgia Bank can be found at: .

View source version on businesswire.com:

CONTACT: Company:

Karen T. Boyd

Senior Vice President and Treasurer

Phone: (229) 873-3837

investorinfo@sgfc.comInvestor Relations:

Deborah K. Pawlowski

Kei Advisors LLC

Phone: (716) 843-3908

dpawlowski@keiadvisors.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE

SOURCE: Southwest Georgia Financial Corporation

Copyright Business Wire 2019.

PUB: 05/29/2019 04:15 PM/DISC: 05/29/2019 04:15 PM

http://www.businesswire.com/news/home/20190529005930/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia, AP Business - Industries, AP Business - Financial Services
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