CHARLESTON, S.C., June 27, 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 July 9, 2019,
payable July 31, 2019. This
represents the 119th quarterly cash dividend paid to
shareholders since 1987.
Fleetwood S. Hassell, President
and Chief Executive Officer, stated, "We are pleased to announce a
quarterly cash dividend of $0.16 per
share representing our 119th cash dividend since opening
in February 1987. We were recently
cited by the American Bankers Association as the 24th
most profitable community bank in the country for publicly traded
thrifts and banks less than $2
billion in total assets based on a three year return on
average equity. With strong capital growth, we remain committed to
serving our customers and shareholders as the oldest bank
headquartered in Charleston."
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