FAYETTEVILLE, Ga., Jan. 3, 2005 (PRIMEZONE) -- The board of directors of SouthCrest Financial Group, Inc. (OTCBB:SCSG) announced today that it has declared a dividend of 12 cents per share. This dividend represents an increase from the 11 1/2 cents per share dividend paid on October 29, 2004. The dividend will be payable on January 31, 2005 to shareholders of record as of January 17, 2005.
SouthCrest Financial Group typically announces dividends on the first business day of each quarter, with payment made on the last business day of that month. The record date will normally be two weeks prior to the payment date.
SouthCrest Financial Group, Inc. is the parent company of two bank subsidiaries operating a total of nine branch offices. Bank of Upson, based in Thomaston, GA, has three branches in Upson County, two branches in Meriwether County operating as Meriwether Bank & Trust, and one branch in Fayette County operating as SouthCrest Bank; while the First National Bank of Polk County operates three branches in Polk County.
For press questions or confirmation, please contact Mary Hightower at 706/647-5426 or e-mail mhightower@charter.net