FAYETTEVILLE, Ga., July 2, 2007 (PRIME NEWSWIRE) -- The Board of Directors of SouthCrest Financial Group, Inc. (OTCBB:SCSG) announced today that it has declared a dividend of 13 cents per share. This dividend represents an increase from the 12 1/2 cents per share dividend paid for the same quarter a year ago. The dividend will be payable on July 31, 2007 to shareholders of record as of July 17, 2007.
SouthCrest Financial Group typically announces dividends on the first business day of each quarter, with payment made on the last business day of that month. The record date will normally be two weeks prior to the payment date.
SouthCrest Financial Group, Inc. is the parent company of four bank subsidiaries operating a total of thirteen branch offices. Bank of Upson, based in Thomaston, GA, has two branches in Upson County, three branches in Meriwether County operating as Meriwether Bank & Trust, and one branch in Fayette County operating as SouthCrest Bank. The First National Bank of Polk County, based in Cedartown, GA, operates three branches in Polk County, while Peachtree Bank, based in Maplesville, AL, operates two branches in Chilton County, Alabama. On July 1, 2007, SouthCrest completed its acquisition of Bank of Chickamauga, located in Chickamauga, Georgia, which operates 2 branches in Walker County, Georgia.