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Newsmakers in business: Peach State Bank & Trust dividend up 20 percent
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Peach State Bank & Trust declared an annual dividend this month reflecting a 20 percent increase from 2015.

Peach State stockholders of record as of June 14 will be paid a return of $.06 per share. The dividend was approved by the bank’s board of directors at their June 14 meeting.

Peach State earnings for the 12 months ending last Dec. 31 were $878,000. Net loans were $98.6 million and deposits at $139.3 million.

“We are so proud of our success, our board of directors, our Community Development Board, Youth Development Board as well as our bank staff which now consists of 29 employees,” said Ron Quinn, president and CEO of Peach State Bank.

Peach State Bank & Trust is located at 325 Washington St, Gainesville.

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