SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Declares Quarterly Dividend

Rhea-AI Summary

SVB&T (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, has declared a quarterly dividend of $0.20 per share on its common stock. This dividend is payable on or about January 15, 2025, to shareholders of record as of December 16, 2024. Notably, this represents an 11.11% annualized increase over the total dividend declared for the 2023 fiscal year.

Springs Valley Bank & Trust Company offers a wide range of financial services, including checking and savings accounts, certificates of deposit, and various loan options. The company also provides financial advisory services, specializing in estate planning, tax planning, and wealth management.

Positive

• Quarterly dividend of $0.20 per share declared
• 11.11% annualized increase in dividend compared to 2023 fiscal year
• Diverse range of financial services offered, including banking and wealth management

Negative

• None.

JASPER, IN / ACCESSWIRE / September 18, 2024 / 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 $0.20 per share of the Corporation's common stock. The quarterly dividend is payable on or about January 15, 2025 to shareholders of record as of the close of business on December 16, 2024.

The dividend declared is an 11.11% annualized increase over the total dividend declared for the 2023 fiscal year.

For more information contact: Ryan Heim, Treasurer & CFO, SVB&T Corporation, at 812.634.4889 or rheim@svbt.bank.

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. Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.

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. Trust and Investment products are not deposits; not insured by the FDIC; not a deposit or other obligation of, or guaranteed by, the depository institution; not insured by any Federal Government Agency; may lose value - subject to investment risks, including possible loss of the principal amount invested.

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.

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).

SOURCE: SVB&T Corporation

View the original press release on accesswire.com

FAQ

What is the dividend amount declared by SVB&T (SVBT) for Q4 2024?

SVB&T (SVBT) has declared a quarterly dividend of $0.20 per share for Q4 2024.

When is the dividend payable for SVB&T (SVBT) shareholders?

The dividend is payable on or about January 15, 2025, to shareholders of record as of the close of business on December 16, 2024.

How much has SVB&T (SVBT) increased its dividend compared to the previous year?

SVB&T (SVBT) has increased its dividend by 11.11% on an annualized basis compared to the total dividend declared for the 2023 fiscal year.

What financial services does Springs Valley Bank & Trust Company, a subsidiary of SVB&T (SVBT), offer?

Springs Valley Bank & Trust Company offers a range of services including checking and savings accounts, certificates of deposit, electronic services, online consumer and mortgage applications, various loan options, and financial advisory services such as estate planning, tax planning, and wealth management.