Bank of Commerce Holdings Announces First Quarter Cash Dividend of $0.03 Per Share
March 18 2015 - 04:00PM
Randall S. Eslick, President and Chief Executive Officer of Bank of
Commerce Holdings (Nasdaq:BOCH) (the "Company"), a $997 million
bank holding company and parent company of Redding Bank of Commerce
(the "Bank"), today announced that the Board of Directors has
authorized a cash dividend of $0.03 per share for the first quarter
2015.
The $0.03 per share quarterly cash dividend will be paid to
shareholders of record as of March 27, 2015, and is payable on
April 10, 2015.
About Bank of Commerce Holdings
Bank of Commerce Holdings is a bank holding company
headquartered in Redding, California and is the parent company for
Redding Bank of Commerce which operates under two separate names
(Redding Bank of Commerce and Sacramento Bank of Commerce, a
division of Redding Bank of Commerce). The Bank is an FDIC insured
California banking corporation providing commercial banking and
financial services through four offices located in Northern
California. The Bank opened on October 22, 1982. The Company's
common stock is listed on the NASDAQ Global Market and trades under
the symbol "BOCH."
Forward-Looking Statements
Bank of Commerce Holdings wishes to take advantage of the Safe
Harbor provisions included in the Private Securities Litigation
Reform Act of 1995. This news release includes statements by the
Company, which describe management's expectations and developments,
which may not be based on historical facts and are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21B of the Securities Act of 1934,
as amended. Future events are difficult to predict, and the
expectations described above are necessarily subject to risk and
uncertainty that may cause actual results to differ materially and
adversely. In addition to discussions about risks and uncertainties
set forth from time to time in the Company's public filings,
factors that may cause actual results to differ materially from
those contemplated by such forward looking statements include,
among others, the following possibilities: (1) local, national and
international economic conditions are less favorable than expected
or have a more direct and pronounced effect on the Company than
expected and adversely affect the Company's ability to continue its
internal growth at historical rates and maintain the quality of its
earning assets; (2) changes in interest rates reduce interest
margins more than expected and negatively affect funding sources;
(3) projected business increases following strategic expansion or
opening or acquiring new banks and/or branches are lower than
expected; (4) our concentration in real estate lending; (5)
competitive pressure among financial institutions increases
significantly; (6) legislation or regulatory requirements or
changes adversely affect the businesses in which the Company is
engaged; and (7) technological changes could expose us to new
risks.
Investment firms making a market in BOCH stock
are:
Raymond James Financial |
Sandler O'Neill + Partners, L.P. |
John T. Cavender |
Brian Sullivan |
555 Market Street |
1251 Avenue of the Americas, 6th
Floor |
San Francisco, CA 94105 |
New York, NY 10022 |
(800) 346-5544 |
(212) 466-8022 |
|
|
McAdams Wright Ragen, Inc. |
Stifel Nicolaus |
Joey Warmenhoven |
Perry Wright |
1211 SW Fifth Avenue, Suite 1400 |
1255 East Street, Suite 100 |
Portland, OR 97204 |
Redding, CA 96001 |
(866) 662-0351 |
(530) 244-7199 |
CONTACT: Randall S. Eslick, President and
Chief Executive Officer
Telephone Direct (530) 722-3900
Samuel D. Jimenez, Executive Vice President
and Chief Operating Officer
Telephone Direct (530) 722-3952
James A. Sundquist, Executive Vice President
and Chief Financial Officer
Telephone Direct (530) 722-3908
Andrea Schneck, Vice President
and Senior Administrative Officer
Telephone Direct (530) 722-3959
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