Staff Report
Published Dec. 19, 2012

Southcoast Financial, the holding company of Mount Pleasant-based Southcoast Community Bank announced a stock dividend to all shareholders.

The dividend will be paid out Jan. 17 to all shareholders of record as of Dec. 31. The bank will issue an additional 1.5 shares for every 10 owned.

In September, the bank recorded nine-month earnings of $2.6 million compared with an $11 million loss for the same period of 2011.

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