Southwest Georgia Financial Corporation, a full-service community bank holding company, announced that Chairman Michael J. McLean retired from the Board and that current directors Roy H. Reeves and Cecil H. Barber were elected Chairman and Vice Chairman, respectively. With the retirement, the Board of Directors is now comprised of eight directors, six of whom have been determined to be independent directors.

The Company also announced the results of shareholder voting that took place during the 2017 annual meeting.

Board of Directors Declares Quarterly Cash Dividend

The Board of Directors declared a quarterly cash dividend of $0.11 per common share. The dividend is payable June 15, 2017 to shareholders of record on June 5, 2017. 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 89 consecutive years.