Little Rock, Ark. – Southern Bancorp, Inc. announced today that its Board of Directors has declared a quarterly cash dividend on August 28, 2017, of $0.0094545 per common share payable on October 12, 2017. This is the third consecutive and increasing cash dividend paid to all common shareholders since the Board of Directors voted to restructure the organization’s stock classes in early 2017 and become a Benefit Corporation. The conversion to a Benefit Corporation was done to magnify the company’s mission-driven orientation to build the net worth of its customers, as well as provide a strong financial return for its shareholders.
To learn more about the Southern Bancorp organization and its impact, visit BankSouthern.com. For shareholder related questions and concerns, please contact staff member Jayla Wilson at jayla.wilson@banksouthern.com.
About Southern Bancorp
Southern Bancorp, Inc., a bank holding company; Southern Bancorp Community Partners, a 501(c)(3) development finance and lending organization; and Southern Bancorp Bank, one of America’s largest rural development banks; were founded in 1986 by then Governor Bill Clinton, Walmart Chair Rob Walton, the Winthrop Rockefeller Foundation and others who were concerned about the economic decline of rural Arkansas. All three entities are U.S. Treasury certified Community Development Financial Institutions (CDFIs) collectively known as “Southern.” With $1.2 billion in assets, 60,000 customers and 46 locations in Arkansas and Mississippi, Southern invests in people and businesses in rural communities; empowers them to improve their lives; and helps them transform their communities. Learn more about Southern on the web at www.banksouthern.com & www.southernpartners.org.
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