COLDWATER, Mich., March 20 /PRNewswire-FirstCall/ -- Southern Michigan Bancorp, Inc. (BULLETIN BOARD: SOMC.OB) declared a cash dividend of $.18 per share, payable on April 21, 2006 to shareholders of record April 3, 2006. The $.18 per share payment equaled the previous three quarterly dividend payments.
In making the announcement, John H. Castle, Chairman & CEO, noted that the shareholders had received a 5% stock dividend in February, 2006 -- effectively increasing the dividend payout by 5%.
Southern Michigan Bancorp, Inc. is a holding company and the parent company of Southern Michigan Bank and Trust. Its 11 offices throughout southern Michigan provide a broad range of consumer, business and wealth management services throughout the region. For more information, please visit the Southern Michigan Bank & Trust website, http://www.smb-t.com/ .
