GASTONIA, N.C., July 23 /PRNewswire-FirstCall/ -- Kim S. Price, President and Chief Executive Officer of Citizens South Banking Corporation (NASDAQ:CSBC), announced today that the Company's Board of Directors has declared a cash dividend of eight cents ($0.08) per share of common stock. The dividend will be payable to stockholders of record as of August 1, 2007, and will be paid on August 15, 2007.

Citizens South Banking Corporation is the parent corporation for Citizens South Bank, which was established in 1904 and is headquartered in Gastonia, North Carolina. The Bank has 14 full-service banking offices and three loan production offices located in the Piedmont region of North Carolina and South Carolina. At June 30, 2007, the Company had consolidated assets of $755 million, loans of $536 million, deposits of $584 million and stockholders' equity of $84 million.

Source: Citizens South Banking Corporation