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Charleston bank approves a cash dividend

March 23, 2017 GMT

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The Bank of South Carolina’s parent company approved a quarterly cash dividend of 14 cents a share Thursday.

It will be paid April 28 to stockholders of record as of April 4.

It will be the 110th dividend paid out by Charleston-based Bank of South Carolina Corp. The lender marked the 30th anniversary of its opening on Feb. 26.

“Since inception, we have returned in excess of $37 million to our shareholders. We are pleased to have the capital and earnings over the years by which to do so,” CEO Fleetwood Hassell said in a written statement.

The Bank of South Carolina has four branches, in downtown Charleston, Mount Pleasant, Summerville and West Ashley. It plans to open a new full-service office on Highway 78 in North Charleston.

Shares of the holding company trade on the Nasdaq under the symbol “BKSC.”