UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

Current Report

 

Pursuant to Section 13 or 15(D)

of the Securities Exchange Act Of 1934

 

Date of report (Date of earliest event reported):
March 18, 2015

 

 

Bank of Commerce Holdings

(Exact name of registrant as specified in its charter)

 

 

California

(State or other jurisdiction of incorporation)

 

 

 

  000-25135   94-2823865  
 

(Commission File Number)

 

IRS Employer Identification No.

 

 

1901 Churn Creek Road
Redding, California 96002
(Address of principal executive offices) (zip code)

 

Registrant's telephone number, including area code: (530) 722-3939

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):

 

 

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act of (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act of (17 CFR 240.13e-4(c))

 

 
 

 

 

Item 8.01 – Other Events

 

On March 18, 2015, Bank of Commerce Holdings issued a press release announcing that its board of directors has declared a quarterly cash dividend of $0.03 per share of common stock, payable on April 10, 2015 to shareholders of record as of March 27, 2015.

 

 

Attached hereto as Exhibit 99.1 is the press release issued by Bank of Commerce Holdings announcing the dividend which is incorporated herein by reference pursuant to General Instruction F to Form 8-K.

 

 

 

Item 9.01 - Financial Statements and Exhibits

 

(d) Exhibits:

99.1 Press Release dated March 18, 2015 announcing quarterly cash dividend.

 

 
 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

March 18, 2015

 

 
 

/s/ James A. Sundquist

 
 

By: James A. Sundquist

 
 

Executive Vice President and

 
 

Chief Financial Officer

 

 



Exhibit 99.1

 

       

    

 

 

 

 (NASDAQ: BOCH) 



For Immediate Release:

Bank of Commerce Holdings Announces First Quarter Cash Dividend of $0.03 per Share


 

REDDING, California, March 18, 2015 / Globe Newswire — 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 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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