TYLER, Texas, Feb. 19 /PRNewswire-FirstCall/ -- The Board of Directors of
Southside Bancshares, Inc., (Nasdaq: SBSI) parent company of Southside Bank,
declared a regular quarterly cash dividend of $0.10 per share payable to
common stock shareholders of record March 4, 2004. The cash dividend is
scheduled for payment on March 18, 2004.
Southside Bancshares, Inc. is a $1.4 billion bank holding company that
owns 100% of Southside Bank. The bank currently has twenty-five banking
centers in the East Texas area.
To learn more about Southside Bancshares, Inc., please visit our investor
relations website at www.southside.com/investor . Our investor relations'
site provides a detailed overview of our activities, financial information,
and historical stock price data. To receive e-mail notification of company
news, events, and stock activity, please register on the e-mail notification
portion of the website. Questions or comments may be directed to Susan Hill
at (903) 531-7220, or SusanH@southside.com .
Certain statements of other than historical fact that are contained in
this document and in written material, press releases and oral statements
issued by or on behalf of Southside Bancshares, Inc., (the "Company") a bank
holding company, may be considered to be "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of 1995.
These statements may include words such as "expect," "estimate," "project,"
"anticipate," "could," "should," "may," "intend," "probability," "risk,"
"target," "objective" and similar expressions. Forward-looking statements are
subject to significant risks and uncertainties and the Company's actual
results may differ materially from the results discussed in the forward-
looking statements. For example, certain market risk disclosures are
dependent on choices about key model characteristics and assumptions and are
subject to various limitations. By their nature, certain of the market risk
disclosures are only estimates and could be materially different from what
actually occurs in the future. As a result, actual income gains and losses
could materially differ from those that have been estimated. Other factors
that could cause actual results to differ materially from forward-looking
statements include, but are not limited to general economic conditions, either
nationally or in the State of Texas, legislation or regulatory changes which
adversely affect the businesses in which the Company is engaged, changes in
the interest rate environment which reduce interest margins and may impact
prepayments on the mortgage-backed securities portfolio, changes effecting the
leverage strategy, significant increases in competition in the banking and
financial services industry, changes in consumer spending, borrowing and
saving habits, technological changes, the Company's ability to increase market
share and control expenses, the effect of compliance with legislation or
regulatory changes, the effect of changes in accounting policies and practices
and the costs and effects of unanticipated litigation.
SOURCE Southside Bancshares, Inc.
-0- 02/19/2004
/CONTACT: Lee R. Gibson of Southside Bancshares, Inc., +1-903-531-7221/
/Web site: http://www.southside.comhttp://www.southside.com/investor /
(SBSI)
CO: Southside Bancshares, Inc.
ST: Texas
IN: FIN
SU: DIV
GN-CD
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4187 02/19/200417:17 ESThttp://www.prnewswire.com