GASTONIA, N.C., Oct. 16 /PRNewswire-FirstCall/ -- Kim S. Price, President and Chief Executive Officer of Citizens South Banking Corporation , announced today that the Company's Board of Directors has declared a cash dividend of seven and one-half cents ($0.075) per share of common stock. The dividend will be payable to stockholders of record as of November 1, 2006, and will be paid on November 15, 2006.
Citizens South Banking Corporation is the parent corporation for Citizens South Bank, which was established in 1904 and is headquartered in Gastonia, North Carolina. The Bank has 14 full-service banking offices and two loan production offices located in the Piedmont region of North Carolina and South Carolina. At September 30, 2006, the Company had consolidated assets of $725.9 million, loans of $512.7 million, deposits of $549.0 million and stockholders' equity of $85.8 million.
