Community Bank Announces Common Stock Dividend
January 30 2015 - 3:19PM
Business Wire
Community Bank, an independent business bank with 17 business
centers in Los Angeles, San Bernardino, Riverside, Ventura and
Orange Counties, announced today a $0.45 per share cash dividend
(aggregating approximately $1,400,000.00) on its outstanding common
stock. The dividend was approved at the regularly scheduled Board
of Directors meeting held on January 29, 2015. It will be
payable on or about March 3, 2015 to common shareholders
of record as of February 13, 2015.
“We are pleased to pay a cash dividend to our common
shareholders," said David R. Misch, Chief Executive Officer of
Community Bank. Misch continued to say, "We believe the dedicated
management of the Bank and its capital strength has allowed us to
enhance shareholder value through payment of periodic cash
dividends.”
Community Bank, with assets exceeding $3.5 billion, was founded
in 1945 and is headquartered in Pasadena. The Bank is a regional
Southern California Bank with offices in Anaheim, Burbank, Century
City, Commerce, Corona, Fontana, Glendale, Huntington Beach,
Irvine, Ontario, Pasadena, Redlands, Santa Clarita, Santa Fe
Springs, South Bay, Ventura, and Woodland Hills. For more
information, visit the Community Bank Website at www.cbank.com.
This press release may contain certain forward-looking
statements, including certain plans, expectations, goals and
projections (including statements relating to growth, profitability
and future dividends), which are subject to numerous assumptions,
risks and uncertainties. You can identify such forward-looking
statements by use of the terms “believes”, plus”, “expects”,
“anticipates”, “intends”, “hopes”, “should”, “estimates”, or words
of similar meaning. Actual results could differ materially from
those contained in or implied by such statements for a variety of
factors including: changes in economic conditions; movements in
interest rates; the condition of our loan portfolio; competitive
pressures on product pricing and services; our income and level of
profitability; success and timing of business strategies; changes
in consumer confidence; the nature and extent of governmental
actions, and legislative reforms; the impact of regulatory and
legal proceedings and rapidly changing technology and evolving
banking industry standards.
Community BankNancy Karlson, Chief Financial Officer(626)
568-2076