Port City Holding Company reports second quarter dividend

Published 3:01 pm Friday, August 7, 2015

Port City Holding Company reported a second quarter dividend of $0.85 per share of common stock to shareholders of record as of July 15, 2015.

This is the 21st consecutive quarterly dividend Port City Holding Company has returned to its shareholders.  Port City Holding Company is the parent company of First Port City Bank, and it is the largest bank holding company in Decatur County.

“We are pleased to return a portion of our earnings to our shareholders” said Hal Brannen, Chairman.

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“The bank has improved its net income by increasing loans and by effectively managing expenses,” Brannen said.

“We have recognized substantial growth in our core deposits.  This is partially a result of the many new deposit products developed for our customers,” said Charles Bowles, President/CEO.

“Providing our customers with valued products, security and outstanding service, is a formula for success”, Bowles said.

Founded in 1974, First Port City Bank has grown to more than 32 employees and approximately $150 million in assets.