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Southcoast announces dividend payment
Southcoast Financial Corp., owner of Southcoast Community Bank, said Thursday it will make a 5 percent stock dividend payment to shareholders.
The corporation, based in Mount Pleasant, said the dividends are a move to celebrate its fifth anniversary and reward loyal shareholders, many of whom are local.
Southcoast Community is a state-chartered local bank with five branch offices and more than $200 million in assets.
Robert M. Scott, senior vice president of Southcoast Financial, said assets are expected to grow by 25 to 30 percent in 2004.
AMR Corp. planning to raise $254.9 million