Sept. 22, 2011
/PRNewswire/ -- The Board of Directors of Bank of South Carolina Corporation, (Nasdaq: BKSC) the parent Company for The Bank of
, increased its dividend from
per share to
per share. This quarterly dividend is payable
October 31, 2011
to shareholders of record as of
October 12, 2011
. Hugh C. Lane, Jr., President and Chief Executive Officer of The Bank of
, commenting on the 10% increase stated, "We thought it was important in this time of economic uncertainly to send a message to our shareholders, customers and community that The Bank of
remains a strong, profitable institution."
Lane continued, "The Bank began paying a cash dividend in August of 1989, two and a half years after opening for business. October 22, 2011 will be the twenty-fifth anniversary of the Bank receiving its charter from the State Board of Financial Institutions."
The Bank of
, a De Novo Charter, which opened in 1987 at 256 Meeting Street, has offices in
, and the West Ashley community. Our website is
. Bank of South Carolina Corporation currently trades its common stock on the NASDAQ stock market under the symbol "BKSC".
SOURCE Bank of South Carolina Corporation