Great Pee Dee Bancorp, Inc. Announces Cash Dividend

Apr 10, 2001, 01:00 ET from Great Pee Dee Bancorp, Inc.

    CHERAW, S.C., April 10 /PRNewswire/ -- Herbert W. Watts, President and CEO
 of Great Pee Dee Bancorp, Inc. (Nasdaq:   PEDE), has announced today that the
 Board of Directors has declared a quarterly cash dividend in the amount of
 $.11 per share for the quarter ending March 31, 2001.  The dividend is payable
 on May 8, 2001, to stockholders of record April 24, 2001.
     Earnings for the quarter ending March 31, 2001, were $217,347.00 or
 $.15 per share.  Earnings for the same period a year earlier were $124,045.00,
 which were affected by one time charges for the acquisition of the Florence
 office.  Earnings have now increased for four consecutive quarterly periods
 since the bank's initial move into the Florence market in March of 2000.
 Assets totaled $108,406,909 on March 31, 2001 compared to $102,446,154 a year
 earlier.
     Great Pee Dee Bancorp, Inc., has as its sole subsidiary, First Federal
 Savings and Loan Association of Cheraw and Florence, a $108 million savings
 bank serving the Pee Dee area since 1935.  The company's stock trades on the
 Nasdaq Market under the symbol "PEDE".
 
     Contact: Herbert W. Watts, President
              843-537-7656
 
 

SOURCE Great Pee Dee Bancorp, Inc.
    CHERAW, S.C., April 10 /PRNewswire/ -- Herbert W. Watts, President and CEO
 of Great Pee Dee Bancorp, Inc. (Nasdaq:   PEDE), has announced today that the
 Board of Directors has declared a quarterly cash dividend in the amount of
 $.11 per share for the quarter ending March 31, 2001.  The dividend is payable
 on May 8, 2001, to stockholders of record April 24, 2001.
     Earnings for the quarter ending March 31, 2001, were $217,347.00 or
 $.15 per share.  Earnings for the same period a year earlier were $124,045.00,
 which were affected by one time charges for the acquisition of the Florence
 office.  Earnings have now increased for four consecutive quarterly periods
 since the bank's initial move into the Florence market in March of 2000.
 Assets totaled $108,406,909 on March 31, 2001 compared to $102,446,154 a year
 earlier.
     Great Pee Dee Bancorp, Inc., has as its sole subsidiary, First Federal
 Savings and Loan Association of Cheraw and Florence, a $108 million savings
 bank serving the Pee Dee area since 1935.  The company's stock trades on the
 Nasdaq Market under the symbol "PEDE".
 
     Contact: Herbert W. Watts, President
              843-537-7656
 
 SOURCE  Great Pee Dee Bancorp, Inc.