Bank of South Carolina Corporation Declares Dividend

Staff Report From Charleston CEO

Friday, June 28th, 2019

The Board of Directors of Bank of South Carolina Corporation, the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.16 per share to shareholders of record July 9, 2019, payable July 31, 2019. This represents the 119th quarterly cash dividend paid to shareholders since 1987.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "We are pleased to announce a quarterly cash dividend of $0.16 per share representing our 119th cash dividend since opening in February 1987. We were recently cited by the American Bankers Association as the 24th most profitable community bank in the country for publicly traded thrifts and banks less than $2 billion in total assets based on a three year return on average equity. With strong capital growth, we remain committed to serving our customers and shareholders as the oldest bank headquartered in Charleston."