SVB&T moves to quarterly dividends

From Local Sources

FRENCH LICK — SVB&T Corporation, the parent company of Springs Valley Bank & Trust, announced that the corporation will transition from an annual to a quarterly dividend payout structure and will pay a quarterly cash dividend of 25 cents per share to all shareholders of record as of March 15, 2019, payable on or about April 15, 2019. This is a 5.26 percent annualized increase over the annual dividend paid in December 2018.

Net income for the year that ended Dec. 31, 2018, increased by $696,000 or 20.16 percent to $4.1 million over the same period in 2017.

SVB&T Corporation is headquarterd in French Lick and has administrative offices in Jasper. To learn more, visit www.svbt.bank.




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