Port City Holding Company declares dividend

Published 5:49 am Friday, August 3, 2012

Special to The Post-Searchlight

On March 18, the Board of Directors of Port City Holding Company, Inc., parent company of First Port City Bank Inc., declared a dividend in the amount of $0.65 per share of common stock to be paid to shareholders of record, effective March 18.

This represents an increase of 18 percent from the first quarter 2012 dividend and an increase of 63 percent from the dividend paid the fourth quarter of 2011.

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“We continue to post favorable numbers in many areas including loan, deposit and capital growth” said Major Brannen, chairman. “Our customer base continues to expand as we invest in new products and technology while improving existing products.”

“We appreciate our customers and pledge to them our commitment to banking value every day,” said Charles Bowles, president and CEO. “We have a lot of exciting things happening at First Port City Bank including some necessary remodeling to our main office, the bank’s promotion of its employees and their support of the community through Facebook and our improved web-site (www.firstportcity.com).”