Peach State Bancshares Inc., parent company of Peach State Bank & Trust, announced a 7-cent-per-share dividend for its stockholders, representing the third consecutive annual dividend increase since 2015. The dividend, payable to stockholders of record as of June 5, was approved by Peach State’s Board of Directors at their April meeting.

For the 12 months ending Dec. 31, 2016, Peach State Bank recorded pre-tax earnings of more than $1.7 million.

Peach State Bancshares Inc. is based in downtown Gainesville at 325 Washington St. Peach State Bank & Trust has nearly $200 million in consolidated assets and more than 35 employees.