Thomasville Bancshares, Inc. Announces Cash Dividend

Thomasville Bancshares, Inc., the holding company for Thomasville National Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.27 per share.

The dividend is payable on July 15, 2023, to shareholders of record as of June 30, 2023.

Thomasville Bancshares, Inc. is a community-focused financial institution with assets of approximately $1.3 billion. The company has 14 full-service branches in Georgia and Alabama and offers a range of financial products and services to individual and business customers.

"We are pleased to announce this quarterly dividend, which reflects our strong financial performance and commitment to rewarding our shareholders," said Thomasville Bancshares, Inc. President and CEO Greg McCoy.

The company's net income for the first quarter of 2023 was $4.2 million, an increase of 8.6% compared to the same period last year.

Thomasville Bancshares, Inc. has a long history of paying dividends. The company has paid dividends every year since 1992.

The dividend announcement comes on the heels of Thomasville Bancshares, Inc.'s recent acquisition of Heritage Bank of the South. The acquisition, which closed on April 1, 2023, expands Thomasville Bancshares, Inc.'s presence in Georgia and Alabama.

Thomasville Bancshares, Inc. is a publicly traded company. Its stock is traded on the NASDAQ Capital Market under the symbol "TVSB."