Initial Purchase: 5/15/14
Cost basis: $31.46
Current Portfolio Status: Satellite
Dividend Reinvestment: N
Dividends paid quarterly in Mar, Jun, Sep, Dec
Shares held on account at Motif
Southside Bancshares, Inc. operates as the holding company for Southside Bank that provides financial products and services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company’s loan portfolio comprises consumer loans consisting of 1-4 family residential mortgage, home equity, home improvement, automobile, and other installment loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate. It also provides trust services, including investment management, administration, and advisory services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. The company operates through 50 branches and 13 motor bank facilities, as well as a network of 49 automated teller machines located in Tyler, Longview, Lindale, Gresham, Jacksonville, Bullard, Chandler, Hawkins, Seven Points, Palestine, Forney, Gun Barrel City, Athens, Whitehouse, Fort Worth, Arlington, and Austin of Texas. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.