Central and Southern Holding Company declares third quarter dividend.MILLIDGEVILLE, Ga.--(BUSINESS WIRE)--Aug. 16, 1996--Central and Southern Holding Company Holding Company A parent corporation that owns enough voting stock in another corporation to control its board of directors (and, therefore, controls its policies and management).Notes: A holding company must own at least 80% of voting stock to get tax consolidation benefits, such as tax-free dividends. See also: Board of Directors, Dividend (NASDAQ: CSBC CSBC - California Southern Baptist ConventionCSBC - Canadian Safe Boating Council CSBC - Center for the Study of Biological Complexity CSBC - China Shipbuilding Corporation) of Millidgeville, Georgia declared a third quarter dividend of $0.0575 per share. The company declared the dividend payable to shareholders of record September 13, 1996. The dividend is to be paid September 30, 1996. The dividend represents a 9.5% increase over the second quarter 1996, and a 27.8% increase over the third quarter 1995. CEO Robert Oliver says, "This dividend is in keeping with our plan to increase our dividends until we reach a level that is comparable to other banking companies." Central and Southern Holding Company is a multi-bank holding company with assets of $214,000,000 and has four bank branches located in Milledgeville Milledgeville, city (1990 pop. 17,727), seat of Baldwin co., central Ga., on the Oconee River, in a fertile farm area; inc. 1836. Among its industries are the manufacture of clothing, carpets, and aircraft parts. Laid out in 1803 as the site of the state capital, Milledgeville was the seat of government from 1807 to 1868., Greensboro and Winder, Georgia. CONTACT: Central and Southern Holding Company, Milledgeville Michael E. Ricketson, 912/452-5541 |
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