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Bank of South Carolina declares dividend.

Global Banking News-27 August 2010-Bank of South Carolina declares dividend(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 27 August 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Bank of South Carolina Corporation (NASDAQ: BKSC), the parent company for The Bank of South Carolina, has declared a 10 percent stock dividend, which will be payable on September 24, 2010 to shareholders of record as of September 10, 2010.

'The bank has performed well during the recession and the Board felt that this 10 percent stock dividend was an appropriate action for the benefit of the company's shareholders. The company intends to maintain its USD0.10 per share quarterly dividend,' said Hugh C Lane Jr, president and chief executive officer of The Bank of South Carolina.

The Bank of South Carolina has offices in Summerville, Mt. Pleasant, and the West Ashley community.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Aug 27, 2010
Words:168
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