JASPER, IN / ACCESSWIRE / May 22, 2020 / 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 $0.26 per share of the Corporation's common stock. The quarterly dividend is payable on or about July 15, 2020 to shareholders of record as of the close of business on June 15, 2020.
The dividend declared is a 4.00% annualized increase over the total dividend paid for the 2019 fiscal year.
SVB&T Corporation held its annual shareholders' meeting on May 19, 2020. Douglas A. Habig (Chairman), John B. Habig, K. Frank Hall, Tonya S. Heim, Dr. Tracy Lorey, Jeffrey P. Owens, Robert F. Schneider, Jamie R. Shinabarger, Ronald J. Thyen, and James C. Tucker were elected as directors of SVB&T Corporation and Springs Valley Bank & Trust Company, for terms to expire in May 2021. BKD LLC was ratified to serve as the Corporation's independent auditors for the fiscal year ending December 31, 2020.
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Springs Valley Bank & Trust Company, is a subsidiary of SVB&T Corporation, headquartered at 8482 West State Road 56, French Lick, Indiana 47432 with administrative offices at 1500 Main Street, Jasper, Indiana 47546. Springs Valley 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
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