SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Declares Quarterly Dividend

Rhea-AI Summary

SVB&T Corporation (OTCQX:SVBT) announced a quarterly dividend of $0.27 per share, payable on or about July 15, 2021 to shareholders of record as of June 15, 2021. This dividend represents a 3.85% annualized increase compared to the total dividend declared for the 2020 fiscal year. The company operates Springs Valley Bank & Trust Company, providing full banking and financial services across multiple counties in Indiana.

Positive

• Quarterly dividend declared at $0.27 per share.
• 3.85% annualized increase over 2020 fiscal year dividends.

Negative

• Risks associated with general and local banking conditions.
• Potential impacts from changes in interest rates and local real estate markets.

JASPER, IN / ACCESSWIRE / May 19, 2021 / SVB&T Corporation (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, announced that its Board of Directors declared a quarterly dividend of $0.27 per share of the Corporation's common stock. The quarterly dividend is payable on or about July 15, 2021 to shareholders of record as of the close of business on June 15, 2021.

The dividend declared is a 3.85% annualized increase over the total dividend declared for the 2020 fiscal year.

For more information contact: Ryan Heim, Treasurer & CFO, SVB&T Corporation, at 812.634.4889 or rheim@svbt.com.

SVB&T Corporation is headquartered at 8482 West State Road 56, French Lick, Indiana 47432 with administrative offices at 1500 Main Street, Jasper, Indiana 47546. Its subsidiary, Springs Valley Bank & Trust Company, has locations in Dubois, Daviess, Gibson, and Orange Counties, offering full-service bank and financial services. Springs Valley has products and services for all types of families and businesses, including checking and savings accounts, certificates of deposit, electronic services, online consumer and mortgage applications and a variety of other loan options. In addition, the company has a full-service financial advisory group managed by experienced, talented professionals specializing in estate planning, tax planning and wealth management. Investment Services are also offered by a licensed, professional Springs Valley representative. More information can be found online at www.svbt.bank. The company's stock is traded on the OTCQX trading platform under ticker symbol SVBT (www.otcmarkets.com).

Information conveyed in this press release regarding SVB&T Corporation's and its subsidiaries' anticipated future performance is forward-looking and therefore involves risks and uncertainties that could cause the results or developments to differ significantly from those indicated in these statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in general and local banking, as well as mortgage conditions, competitive factors specific to markets in which the company and its subsidiaries operate, future interest rate levels, changes in local real estate markets, legislative and regulatory decisions, capital market conditions and/or other factors.

Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.

SOURCE: SVB&T Corporation

View source version on accesswire.com:
https://www.accesswire.com/648249/SVBT-Corporation-Parent-Company-of-Springs-Valley-Bank-Trust-Company-Declares-Quarterly-Dividend

FAQ

What is the dividend amount declared by SVBT?

SVBT has declared a quarterly dividend of $0.27 per share.

When will the dividend be paid?

The dividend is payable on or about July 15, 2021.

Who is eligible for the SVBT dividend?

Shareholders of record as of the close of business on June 15, 2021, are eligible.

How does the current dividend compare to last year's?

The declared dividend reflects a 3.85% increase over the total dividends declared for the 2020 fiscal year.