Bank of Commerce Holdings Announces Second Quarter Cash Dividend of $0.03 per Share
June 21 2017 - 4:00PM
Randall S. Eslick, President and Chief Executive Officer of Bank of
Commerce Holdings (NASDAQ:BOCH) (the “Company”), a
$1.1 billion asset 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 second quarter 2017.
The $0.03 per share quarterly cash dividend will
be paid to shareholders of record as of July 5, 2017, and is
payable on July 17, 2017.
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 community
banking and financial services through nine 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 lending tied to real estate exposes us to the
adverse effects of material increases in interest rates, declines
in the general economy, tightening credit markets or declines in
real estate values; (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.
Contact Information:
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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