Down To Business
Bank of the Sierra parent declares 4th quarter dividend
Sierra Bancorp (Nasdaq:BSRR), parent of Bank of the Sierra, recently announced that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share, subsequent to the Board’s review of the Company’s financial results and capital strength for the quarter ended December 31, 2012. The dividend will be paid on February 14, 2013 to shareholders of record as of January 31, 2013. Including dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp, the Company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends from 1987 through 1998 and quarterly dividends since then. The dividend noted in today’s announcement will mark the 56th consecutive regular quarterly cash dividend for the Company.
Sierra Bancorp is the holding company for Bank of the Sierra (www.bankofthesierra.com), which is in its 36th year of operations and at $1.4 billion in assets is the largest independent bank headquartered in the South San Joaquin Valley. The Company has over 400 employees and conducts business through 25 branch offices, an online branch, a real estate industries center, an agricultural credit center, and an SBA center.
Central Valley Community Bank declares 4thQ dividend
The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), has declared a regular quarterly cash dividend of $0.05 per share on the Company’s common stock. The dividend is payable on February 28, 2013 to shareholders of record as of February 15, 2013.
Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY.
Central Valley Community Bank, headquartered in Fresno, California, was founded in 1979 and is the sole subsidiary of Central Valley Community Bancorp. Central Valley Community Bank currently operates 17 full-service offices in Clovis, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, and Tracy, California. In December 2012, Central Valley Community Bancorp entered into a definitive merger agreement to acquire Visalia Community Bank with four offices in Visalia and one in Exeter, which is expected to be completed during 2013. Additionally, the Bank operates Commercial Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are provided by Investment Centers of America and insurance services are offered through Central Valley Community Insurance Services LLC.More information about Central Valley Community Bancorp and Central Valley Community Bank can be found at www.cvcb.com.