Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share

Rhea-AI Summary

Southern States Bancshares, Inc. (NASDAQ: SSBK) has declared a cash dividend of $0.09 per share on its common stock. This dividend will be payable on February 16, 2023, to shareholders of record as of February 3, 2023. The announcement highlights the company’s commitment to returning value to its shareholders. Southern States Bancshares operates through its subsidiary, Southern States Bank, providing a range of banking services across 13 branches in Alabama and Georgia, as well as two loan production offices in Atlanta. This dividend reflects the company’s financial health and confidence in its future growth.

Positive

• Declaration of a cash dividend of $0.09 per share, enhancing shareholder value.
• Dividend payable on February 16, 2023, signaling commitment to returning value.
• Operational presence in Alabama and Georgia with 13 branches, indicating strong market positioning.

Negative

• None.

ANNISTON, Ala., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on February 16, 2023 to shareholders of record as of February 3, 2023.

About Southern States Bancshares, Inc.
Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in its communities. The Bank operates 13 branches in Alabama and Georgia and two loan production offices in Atlanta.

Contact Information:
Lynn Joyce
(205) 820-8065
ljoyce@ssbank.bank

Kevin Dobbs
(310) 622-8245
ssbankir@finprofiles.com

FAQ

What is the dividend amount for Southern States Bancshares (SSBK)?

Southern States Bancshares has declared a dividend of $0.09 per share.

When is the dividend for SSBK payable?

The dividend is payable on February 16, 2023.

What is the record date for the dividend for Southern States Bancshares?

The record date for the dividend is February 3, 2023.

How many branches does Southern States Bank operate?

Southern States Bank operates 13 branches in Alabama and Georgia.