SACRAMENTO, Calif., Apr. 21, 2017—Steve Fleming, president and chief executive officer of River City Bank (the Bank), announced that the Bank’s board of directors has approved, in connection with the Bank’s recently reported net income of $4.2 million, or $2.93 diluted earnings per share, for the quarter ending March 31, 2017, a cash dividend of $0.23 per common share and $0.79 per preferred share to shareholders of record as of May 2, 2017, and payable on May 16, 2017.
River City Bank is the largest bank based in Sacramento and the Sacramento region’s premier business bank with assets of nearly $1.9 billion. River City Bank offers a comprehensive suite of banking services, including loans, deposits and cash management tools to the business, consumer and commercial real estate sectors. With tailored, executive-level service and a five-star “Superior” financial rating from the nation’s leading independent bank-rating firm, Bauer Financial, River City Bank redefines the banking experience and every touch point that surrounds it. River City Bank is the largest, independent, locally-owned bank in the Sacramento region with a growing presence in the San Francisco Bay Area and Southern California. For additional information, please visit www.rivercitybank.com or call (916) 567-2600. Member FDIC. Equal Housing Lender.
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