Savannah Bancorp Clarifies That Cash Dividend Will Be Paid on the Increased Shares After the 10% Stock Dividend

Apr 19, 2001, 01:00 ET from The Savannah Bancorp, Inc.

    SAVANNAH, Ga., April 19 /PRNewswire/ --
 The Savannah Bancorp, Inc. (Nasdaq: SAVB), the bank holding company for The
 Savannah Bank, N.A., located in Savannah, Georgia and Bryan Bank & Trust,
 Richmond Hill, Georgia, announced on April 16 that its Board of Directors
 declared a ten percent stock dividend and also increased the regular quarterly
 cash dividend to 16 cents per share from 15 cents per share at its meeting on
 April 16, 2001.  The stock dividend and the increased cash dividend result in
 a 17.3 percent increase in the quarterly dividend to shareholders.
     The record date for BOTH DIVIDENDS is April 27.  The distribution date of
 the stock dividend is May 11, 2001 and the payable date of the cash dividend
 is May 21, 2001.
     THE CURRENT CASH DIVIDEND WILL BE PAID ON THE INCREASED NUMBER OF SHARES
 AFTER THE 10 PERCENT STOCK DIVIDEND.
     The Savannah Bancorp, Inc. began operations in August 1990, and is traded
 on the Nasdaq National Market under the trading symbol SAVB (CUSIP #
 804748101).
 
 

SOURCE The Savannah Bancorp, Inc.
    SAVANNAH, Ga., April 19 /PRNewswire/ --
 The Savannah Bancorp, Inc. (Nasdaq: SAVB), the bank holding company for The
 Savannah Bank, N.A., located in Savannah, Georgia and Bryan Bank & Trust,
 Richmond Hill, Georgia, announced on April 16 that its Board of Directors
 declared a ten percent stock dividend and also increased the regular quarterly
 cash dividend to 16 cents per share from 15 cents per share at its meeting on
 April 16, 2001.  The stock dividend and the increased cash dividend result in
 a 17.3 percent increase in the quarterly dividend to shareholders.
     The record date for BOTH DIVIDENDS is April 27.  The distribution date of
 the stock dividend is May 11, 2001 and the payable date of the cash dividend
 is May 21, 2001.
     THE CURRENT CASH DIVIDEND WILL BE PAID ON THE INCREASED NUMBER OF SHARES
 AFTER THE 10 PERCENT STOCK DIVIDEND.
     The Savannah Bancorp, Inc. began operations in August 1990, and is traded
 on the Nasdaq National Market under the trading symbol SAVB (CUSIP #
 804748101).
 
 SOURCE  The Savannah Bancorp, Inc.