Bank parent will resume dividends
The parent company for Georgia Bank & Trust is reinstating its quarterly dividend payments, which were suspended during the recession.
Southeastern Bank Financial Corp.’s board of directors on Wednesday voted to offer again a 13-cent dividend each quarter for shareholders.
The next payment will be made May 17 for shareholders of record on May 6.
Dividend payments were suspended in the second quarter of 2009.
Southeastern Financial has nine Augusta area offices, as Georgia Bank & Trust, and three in Aiken County, operating as Southern Bank & Trust.
Orders for durable goods fall in March
WASHINGTON — Orders for long-lasting U.S. factory goods fell in March by the most in seven months. The drop reflected a steep decline in commercial aircraft demand and little growth in orders that signal future business investment.
The Commerce Department said Wednesday that orders for durable goods declined 5.7 percent in March. That followed a 4.3 percent gain in February, which was revised lower.
Weaker economies overseas and the impact of government spending cuts have made businesses more cautious, reducing demand for manufactured goods.