SRNN Southern Banc Company Inc (PK)

The Southern Banc Company, Inc. (OTCBB: SRNN), headquartered in Gadsden, Alabama, announced today that its Board of Directors is paying a quarterly dividend in the amount of $.0875 per share on or about September 22, 2008 to stockholders of record at the close of business on August 22, 2008. The Southern Banc Company, Inc. is the holding company for The Southern Bank Company, which conducts business through four banking offices in Gadsden, Albertville, Guntersville and Centre, Alabama. At 06/30/2008, the Company had 806,086 shares of common stock issued and outstanding, approximately 193 stockholders of record and consolidated total assets of $103 million. Certain statements in this release contain �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995, which statements can generally be identified by the use of forward-looking terminology, such as �may,� �will,� �expect,� �estimate,� �anticipate,� �believe,� �target,� �plan,� �project,� �continue,� or the negatives thereof, or other variations thereon or similar terminology, and are made on the basis of management�s plans and current analyses of the Company, its business and the industry as a whole. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. The above factors, in some cases, have affected, and in the future could affect the Company�s financial performance and could cause actual results for 2008 and beyond to differ materially from those expressed or implied in such forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.