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News Release
INVESTOR AND MEDIA CONTACT:
George R. Kirkland
Senior Vice President and Treasurer
Phone: (229) 873-3830
investorinfo@sgfc.com


                             For Immediate Release

                   SOUTHWEST GEORGIA FINANCIAL CORPORATION
                            DECLARES CASH DIVIDEND

MOULTRIE, GEORGIA, January 27, 2011 -- Southwest Georgia Financial
Corporation (NYSE Amex: SGB), the parent company of Southwest Georgia Bank,
announced that its Board of Directors at its meeting January 26, 2011,
declared a cash dividend of $0.10 per common share.  The dividend is payable
February 15, 2011 to shareholders of record on February 7, 2011.  The Company
has approximately 2.5 million shares of common stock outstanding.

DeWitt Drew, President and CEO of Southwest Georgia Financial commented, "We
believe the Company has sufficient equity to both support our continued
growth and pay a cash dividend."

The Company paid a cash dividend of $0.10 per common share in January 2010
and a cash dividend of $0.07 per common share in January 2009.  Southwest
Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has
paid cash dividends for 83 consecutive years.

About Southwest Georgia Financial Corporation

Southwest Georgia Financial Corporation is a state-chartered bank holding
company with approximately $296 million in assets headquartered in Moultrie,
Georgia.  Its primary subsidiary, Southwest Georgia Bank, offers
comprehensive financial services to consumer, business, and governmental
customers.  The current banking facilities include the main office located in
Colquitt County, branch offices located in Baker County, Thomas County, and
Worth County, and a loan production office located in Lowndes County.  The
bank provides, in addition to conventional banking services, investment
planning and management, trust management, mortgage banking and commercial
and individual insurance products.  Insurance products and advice are
provided by Southwest Georgia Insurance Services which has an office in
Colquitt County. Mortgage banking for primarily commercial properties is
provided by Empire Financial Services, Inc., a mortgage banking services
firm.

More information on Southwest Georgia Financial Corp. and Southwest Georgia
Bank can be found at its website:  www.sgfc.com.