Security Bancorp, Inc. Announces Cash Dividend
May 22 2006 - 12:27PM
Business Wire
Security Bancorp, Inc. (OTCBB:SCYT.OB) announced that at its Board
of Directors meeting on May 18, 2006 the Corporation's Board of
Directors declared an annual cash dividend of $0.75 per share on
the Corporation's outstanding common stock. This dividend is an
increase of $0.15 per share from the cash dividend paid last year
of $0.60 per share. The cash dividend will be payable on July 1,
2006 to shareholders of record as of the close of business on June
1, 2006. Security Bancorp, Inc. is the holding company for Security
Federal Savings Bank of McMinnville, TN, a federally chartered
savings bank headquartered in McMinnville, Tennessee. At March 31,
2006, the Corporation had total assets of $141.6 million and
stockholders' equity of $12.3 million.
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