reports
Southwest Georgia Financial Corporation Announces Results of Special M...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American: SGB) (“SGB”), a full-service community bank holding company, announced the voting results of its Special Meeting of Shareholders that was held today. As of the record date of February 12, 2020, SGB had 2,548,510 shares outstanding that were entitled to vote, of which 2,216,672, or 87.0%, were represented at the meeting. Of the shares voted at the meeting, 84.5% approved the previously announced Agreement and Plan of Merger, dated as of December 18, 2019, by and between SGB and The First Bancshares, Inc. (Nasdaq: FBMS) (“First Bancshares”), p...
Southwest Georgia Financial Corporation Announces Location Change of S...
MOULTRIE, Ga.--(BUSINESS WIRE)-- Southwest Georgia Financial Corporation (NYSE American: SGB) (“SGB”) today announced notice of a change in location of its Special Meeting of Shareholders to be held on Friday, March 27, 2020 at 10:00 a.m. Eastern Time (the “Special Meeting”). In light of public health concerns regarding the coronavirus, or COVID-19, and the restriction of public gatherings of 10 or more people in Georgia, the Special Meeting has been changed to be held in a virtual meeting format only. The purpose of the Special Meeting is to consider and vote on certain proposals relating to ...
Southwest Georgia Financial Corporation Declares Quarterly Cash Divide...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: SGB), a full-service community bank holding company, announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per common share. The dividend is payable March 19, 2020 to shareholders of record on March 9, 2020. The Company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 92 consecutive years. About Southwest Georgia Financial Corporation Southwest Georgia Financial Co...
Southwest Georgia Financial Corporation Reports Fourth Quarter and Rec...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: SGB), a full-service community bank holding company, today reported results of operations for the fourth quarter and year ended December 31, 2019. Comparisons are to prior-year periods unless otherwise noted. “2019 was a record year as our team of exceptional bankers grew loans and improved our deposit mix, all while increasing asset yields over 20 basis points and decreasing funding costs by almost 20 basis points. For the fourth quarter, our net interest margin improved to 4.30 percent, 36 basis points higher than the fourth...
Southwest Georgia Financial Corporation Declares Quarterly Cash Divide...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American:SGB), a full-service community bank holding company, announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per common share. The dividend is payable December 12, 2019 to shareholders of record on December 2, 2019. The Company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 91 consecutive years. About Southwest Georgia Financial Corporation Southwest Georgia Financi...
Southwest Georgia Financial Corporation Net Income Increases 25% to $1...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: SGB), a full-service community bank holding company, today reported results of operations for the third quarter and nine months ended September 30, 2019. Comparisons are to prior-year period unless otherwise noted. “We continue to make excellent progress in growing our business. Loans and deposits both saw meaningful growth and when combined with our prudent expense management, we measurably increased our earnings,” commented DeWitt Drew, President and CEO. “We believe we are well positioned to continue to capitalize on future...
Southwest Georgia Financial Corporation Announces Third Quarter 2019 C...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American: SGB), a full-service community bank holding company, announced that it will release its third quarter 2019 results before the opening of financial markets on Tuesday, October 22, 2019. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter 2019 Conference Call Tuesday, October 22, 2019 1:00 p.m. Eastern Time Phone: (201) 689-8263 Internet Webcast: A telephonic replay will be...
Southwest Georgia Financial Corporation Declares Quarterly Cash Divide...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: SGB), a full-service community bank holding company, announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per common share. The dividend is payable September 19, 2019 to shareholders of record on September 9, 2019. The Company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 91 consecutive years. About Southwest Georgia Financial Corporation Southwest Georgia Fina...
Southwest Georgia Financial Corporation Reports 13% Net Income Growth ...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: SGB), a full-service community bank holding company, today reported results of operations for the second quarter ended June 30, 2019. Comparisons are with the prior-year period unless otherwise noted. “The strategic investments made to organically grow our franchise are paying off. Loans grew 12% year-over-year with contributions coming from each of our markets. Our loan growth was funded by 13% deposit growth, which included a meaningful amount of noninterest-bearing transaction accounts. We believe continued disruptions in t...
Southwest Georgia Financial Corporation Announces Second Quarter 2019 ...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American: SGB), a full-service community bank holding company, announced that it will release its second quarter 2019 results before the opening of financial markets on Tuesday, July 23, 2019. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter 2019 Conference Call Tuesday, July 23, 2019 1:00 p.m. Eastern Time Phone: (201) 689-8263 Internet Webcast: A telephonic replay will be avai...
Southwest Georgia Financial Corporation Declares Quarterly Cash Divide...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American:SGB) , a full-service community bank holding company, announced that its Board of Directors declared a quarterly cash dividend of $0.12 per common share. The dividend is payable June 20, 2019 to shareholders of record on June 10, 2019. The Company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 91 consecutive years. The Company...
Southwest Georgia Financial Corporation Reports First Quarter 2019 Res...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American:SGB), a full-service community bank holding company, today reported results of operations for the first quarter ended March 31, 2019. Comparisons are with the prior-year period unless otherwise noted. “Our customer-centric approach continues to drive solid results with income before taxes up nearly 20%, or $241 thousand, despite the impact of higher funding costs and investments made in a tight labor market,” commented DeWitt Drew, President and CEO. “While the ...
Southwest Georgia Financial Corporation Announces First Quarter 2019 C...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American: SGB), a full-service community bank holding company, announced that it will release its first quarter 2019 results before the opening of financial markets on Tuesday, April 23, 2019. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter 2019 Conference Call ...
Southwest Georgia Financial Corporation Declares Quarterly Cash Divide...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American:SGB), a full-service community bank holding company, announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per common share. The dividend is payable March 21, 2019 to shareholders of record on March 11, 2019. The Company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 91 consecutive years. ...
Southwest Georgia Financial Corporation Reports Record Earnings for 20...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: SGB), a full-service community bank holding company, today reported results of operations for the fourth quarter and year ended December 31, 2018. Comparisons are to prior-year periods unless otherwise noted. “2018 was a strong year, highlighted by 14% loan growth and 15% deposit growth. And, while the record level of earnings certainly benefited from lower corporate tax rates, it also reflects significant investments made throughout the organization that were ...
Southwest Georgia Financial Corporation Announces Fourth Quarter and F...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American:SGB), a full-service community bank holding company, announced that it will release its fourth quarter and full year 2018 results before the opening of financial markets on Tuesday, January 22, 2019. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2018 Conference Call Tue...
Southwest Georgia Financial Corporation Announces John J. Cole Jr.’s...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American: SGB) (“the Corporation”), the parent company of Southwest Georgia Bank (“the Bank”), announced the retirement of John J. Cole Jr., Executive Vice President and Chief Operating Officer of Southwest Georgia Financial Corporation and its subsidiary, Southwest Georgia Bank, effective December 31, 2018. Mr. Cole will continue to serve on the Boards of Directors of the Corporation and the Bank. DeWitt Drew, President and CEO, commented, “When John joined Southwest Georgia Ban...
Southwest Georgia Financial Corporation Announces John J. Cole Jr.’s...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American: SGB) (“the Corporation”), the parent company of Southwest Georgia Bank (“the Bank”), announced the retirement of John J. Cole Jr., Executive Vice President and Chief Operating Officer of Southwest Georgia Financial Corporation and its subsidiary, Southwest Georgia Bank, effective December 31, 2018. Mr. Cole will continue to serve on the Boards of Directors of the Corporation and the Bank. DeWitt Drew, President and CEO, commented, “When John joined Southwest Georgia Ban...
Southwest Georgia Financial Corporation Announces John J. Cole Jr.’s...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American: SGB) (“the Corporation”), the parent company of Southwest Georgia Bank (“the Bank”), announced the retirement of John J. Cole Jr., Executive Vice President and Chief Operating Officer of Southwest Georgia Financial Corporation and its subsidiary, Southwest Georgia Bank, effective December 31, 2018. Mr. Cole will continue to serve on the Boards of Directors of the Corporation and the Bank. DeWitt Drew, President and CEO, commented, “When John joined Southwest Georgia Ban...
Southwest Georgia Financial Corporation Announces John J. Cole Jr.’s...
MOULTRIE, Ga.--(BUSINESS WIRE)-- (NYSE American: SGB) (“the Corporation”), the parent company of Southwest Georgia Bank (“the Bank”), announced the retirement of John J. Cole Jr., Executive Vice President and Chief Operating Officer of Southwest Georgia Financial Corporation and its subsidiary, Southwest Georgia Bank, effective December 31, 2018. Mr. Cole will continue to serve on the Boards of Directors of the Corporation and the Bank. DeWitt Drew, President and CEO, commented, “When John joined Southwest Georgia Ban...
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