First Citizens Corporation an president Tom Moat announced it will pay dividends Jan. 15 to shareholders who owned the company's stock as of Dec. 31.

The dividend is .10 per share, which is up one cent per share. This is the second consecutive quarter the company has raised the dividend amount. This equals a total increase of 25 percent in the cash dividend amount in the last two quarters.

First Citizens is a $395 million bank holding company and is the parent of First Citizens Bank in Newnan and Fayette County.