Southwest Georgia Financial Corp. Declares Dividend, Announces Results of Shareholder Voting

Staff Report From Valdosta CEO

Thursday, May 29th, 2014

Southwest Georgia Financial Corporation, the parent company of Southwest Georgia Bank, announced that its Board of Directors, at its meeting today, declared a quarterly cash dividend of $0.08 per common share. The dividend is payable June 19, 2014 to shareholders of record on June 9, 2014. The Company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 86 consecutive years.

The Company also announced the results of shareholder voting that took place during the Company’s 2014 annual meeting, which was held yesterday. The shareholders reelected for one-year terms to the Board of Directors Cecil H. Barber, John J. Cole, Jr., DeWitt Drew, Michael J. McLean, Richard L. Moss, Roy H. Reeves, Johnny R. Slocumb, M. Lane Wear and Marcus R. Wells. Shareholders also voted to approve the 2013 Omnibus Incentive Plan and the advisory “say on pay” resolution supporting the compensation plan for the executive officers. Additionally, shareholders voted to ratify the appointment of TJS Deemer Dana, LLP, formerly known as Thigpen, Jones, Seaton & Co., P.C., as independent auditors for the fiscal year 2014.