Nashville Bank & Trust parent declares first dividend

Organization's name change effective today

The parent company of Nashville Bank & Trust announced late Wednesday that its board has voted to launch a semi-annual dividend of 10 cents per common share.

Shareholders of NBT Holdings as of June 3 will receive their dividend checks June 28. The company, which will pay the dividends in cash, last month said its first-quarter profits had grown almost 30 percent from a year ago and that assets had topped $300 million.

NBT Holdings is today changing its name to Truxton Corp. and its operating subsidiary will go by Truxton Trust Co., moves designed to let the bank grow more quickly beyond the Middle Tennessee area. Shares of the holding company (Ticker: NBTH) ended Wednesday trading up 1.4 percent at $14.50 and are up 18 percent this year.