Southside Bancshares, Inc. Declares Cash Dividend
August 13 2009 - 4:44PM
PR Newswire (US)
TYLER, Texas, Aug. 13 /PRNewswire-FirstCall/ -- The Board of
Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent
company of Southside Bank, declared a regular quarterly cash
dividend of $0.14 per share payable to common stock shareholders of
record August 27, 2009. The cash dividend is scheduled for payment
on September 10, 2009. About Southside Bancshares, Inc. Southside
Bancshares, Inc. is a bank holding company with approximately $2.7
billion in assets that owns 100% of Southside Bank. Southside Bank
currently has 44 banking centers in Texas and operates a network of
47 ATMs. To learn more about Southside Bancshares, Inc., please
visit our investor relations website at
http://www.southside.com/investor. Our investor relations site
provides a detailed overview of our activities, financial
information and historical stock price data. To receive e-mail
notification of company news, events and stock activity, please
register on the E-mail Notification portion of the website.
Questions or comments may be directed to Susan Hill at (903)
531-7220, or . Forward-Looking Statements Certain statements of
other than historical fact that are contained in this document and
in written material, press releases and oral statements issued by
or on behalf of the Company, a bank holding company, may be
considered to be "forward-looking statements" within the meaning of
and subject to the protections of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are not
guarantees of future performance, nor should they be relied upon as
representing management's views as of any subsequent date. These
statements may include words such as "expect," "estimate,"
"project," "anticipate," "appear," "believe," "could," "should,"
"may," "intend," "probability," "risk," "target," "objective,"
"plans," "potential," and similar expressions. Forward-looking
statements are statements with respect to the Company's beliefs,
plans, expectations, objectives, goals, anticipations, assumptions,
estimates, intentions and future performance and are subject to
significant known and unknown risks and uncertainties, which could
cause the Company's actual results to differ materially from the
results discussed in the forward-looking statements. For example,
discussions of the effect of the Company's expansion, including
expectations of the costs and profitability of such expansion,
trends in asset quality and earnings from growth, and certain
market risk disclosures are based upon information presently
available to management and are dependent on choices about key
model characteristics and assumptions and are subject to various
limitations. By their nature, certain of the market risk
disclosures are only estimates and could be materially different
from what actually occurs in the future. As a result, actual income
gains and losses could materially differ from those that have been
estimated. Additional information concerning the Company and its
business, including additional factors that could materially affect
the Company's financial results, is included in the Company's
Annual Report on Form 10-K for the year ended December 31, 2008
under "Forward-Looking Information" and Item 1A. "Risk Factors,"
and in the Company's other filings with the Securities and Exchange
Commission. The Company disclaims any obligation to update any
factors or to announce publicly the result of revisions to any of
the forward-looking statements included herein to reflect future
events or developments. DATASOURCE: Southside Bancshares, Inc.
CONTACT: Lee R. Gibson of Southside Bancshares, Inc.,
+1-903-531-7221 Web Site: http://www.southside.com/
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