CHARLESTON, S.C., Sept. 26, 2019 /PRNewswire/ -- Today, the
Board of Directors of Bank of South Carolina Corporation, (NASDAQ:
BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash
dividend of $0.16 per share to
shareholders of record October 7,
2019, payable October 31,
2019. This represents the 120th quarterly cash
dividend paid to shareholders – representing 30 years of rewarding
our shareholders.
Additionally, in recognition of the upcoming opening of The Bank
of South Carolina's newest office
in North Charleston, the Board of
Directors declared a special cash dividend of $0.10 per share to shareholders of record
October 7, 2019, payable October 31, 2019.
Fleetwood S. Hassell, President
and Chief Executive Officer, stated, "We are especially proud to
not only declare our regular quarterly cash dividend but also an
additional special cash dividend to recognize and celebrate the
upcoming opening of our North
Charleston office. This location will continue our model of
strong asset quality, consistent earnings growth, stable capital,
and investment in our bankers and the communities they serve."
The Bank of South Carolina, a
De Novo Charter, which opened in 1987 at 256 Meeting Street, has
offices in Summerville,
Mt. Pleasant, and the West Ashley
community. A fifth office at 9403 Highway 78 in North Charleston is under construction and
anticipated to open in the fourth quarter of 2019. Our website is
www.banksc.com. Bank of South Carolina Corporation currently trades
its common stock on the NASDAQ stock market under the symbol
"BKSC".
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SOURCE Bank of South Carolina Corporation