SouthCrest Financial Group, Inc. Announces Third Quarter Dividend

* Reuters is not responsible for the content in this press release.

Tue Jul 7, 2009 10:30am EDT

FAYETTEVILLE, Ga., July 7, 2009 (GLOBE NEWSWIRE) -- SouthCrest Financial Group,
Inc. (OTCBB:SCSG) announced today that it will pay a dividend of 4 cents per
share on July 31, 2009 to shareholders of record on July 17, 2009.

About SouthCrest Financial Group, Inc.

SouthCrest Financial Group, Inc. is the parent company of four bank subsidiaries
operating a total of fourteen branch offices. Bank of Upson, based in Thomaston,
GA, has two branches in Upson County, three branches in Meriwether County
operating as Meriwether Bank & Trust, and a full service branch and a commercial
loan office in Fayette County operating as SouthCrest Bank; The First National
Bank of Polk County, based in Cedartown, GA, operates three branches in Polk
County; Peachtree Bank, based in Maplesville, AL, operates two branches in
Chilton County, Alabama; and Bank of Chickamauga, located in Chickamauga,
Georgia, which operates two branches in Walker County, Georgia. SouthCrest is
traded on the OTC-Bulletin Board under the symbol "SCSG."

Forward-Looking Statements: This release contains forward-looking statements
including statements relating to present or future trends or factors generally
affecting the banking industry and specifically affecting SouthCrest's
operations, markets and products. Without limiting the foregoing, the words
"believes," "anticipates," "intends," "expects," or similar expressions are
intended to identify forward-looking statements. These forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from those projected for many reasons, including, without limitation,
changing events and trends that have influenced SouthCrest's assumptions, but
that are beyond SouthCrest's control. These trends and events include (i)
changes in the interest rate environment which may reduce margins, (ii) not
achieving expected growth, (iii) less favorable than anticipated changes in the
national and local business environment and securities markets, (iv) adverse
changes in the regulatory requirements affecting SouthCrest, (v) greater
competitive pressures among financial institutions in SouthCrest's markets and
(vi) greater loan losses than historic levels. Additional information and other
factors that could affect future financial results are included in SouthCrest's
filings with the Securities and Exchange Commission.

-0-
CONTACT:  SouthCrest Financial Group, Inc.
          Doug Hertha, CFO
          770-461-2781
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.