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| SGB Declares Cash Dividend | | SGB announced that its Board of Directors at its meeting January 27, 2010, declared a cash dividend of $0.10 per common share. [] |
| SGB Reports Positive Earnings | | SGB reported net income of $706 thousand, or $0.28 per diluted share, for the fourth quarter of 2009, and net income was $1.81 million, or $0.71 per diluted share, for 2009. [] |
| SGB Announces Third Quarter Earnings | | SGB reported net income of $467 thousand, or $0.18 per diluted share, for the third quarter of 2009 [] |
| SGB Announces Second Quarter 2009 Results | | SGB reported net income of $259 thousand, or $0.10 per diluted share, for the second quarter of 2009. [] |
| SGB Reports First Quarter Earnings | | SGB reported net income of $381 thousand, or $0.15 per diluted share, for the first quarter of 2009. [] |
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Southwest Georgia Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. In addition, the FDIC is including in the definition of a noninterest-bearing transaction account the following:
- Accounts commonly known as Interest on Lawyer Trust Accounts and functionally equivalent accounts; and
- Negotiable order of withdrawal accounts (NOW accounts) with interest rates no higher than 50 basis points.
Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. |
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