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Kelly Foundation assists local food banks with $220,000 in total grant awards
Individual grant awards presented to five food banks including Sacramento Food Bank and Meals on Wheels of Alameda County SACRAMENTO, CA – In response to the global coronavirus crisis, the Kelly Foundation awarded a total of five individual grants to Northern California food banks in Sacramento, Yolo, Alameda and Sonoma counties. The grant monies, representing…
River City Bank reports an increase to the quarterly cash dividend on common shares
SACRAMENTO, CA – Steve Fleming, President and CEO of River City Bank (the Bank), announced that the Bank’s board of directors has approved an increase to the quarterly cash dividends from $0.28 per common share to $0.30 per common share. The increase was made in connection with the Bank’s recently reported net income of $5.8 million and $25.3…
River City Bank reports record net income of $25.3 million for 2019
SACRAMENTO, CA – River City Bank (the Bank) reported record net income of $25.3 million, or $17.33 per diluted share, for the year ending December 31, 2019. This was $1.3 million more than the $24.0 million, or $16.50 per diluted share, for the year ending December 31, 2018. The improved net income versus the prior year was driven…
River City Bank announces employee bonuses of $2,500 to cap off record-setting year of profits
SACRAMENTO, CA – River City Bank, Sacramento’s premier business bank, celebrated a successful 2019 fiscal year by launching a special “Days of Giving” event for employees. During the 16-day event, which ran from November 25, 2019, to December 10, 2019, River City Bank employees participated in daily raffles with prize options that were selected to…
River City Bank reports a quarterly cash dividend of $0.28 per common share
SACRAMENTO, CA – Steve Fleming, President and CEO 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 $7.0 million, or $4.82 diluted earnings per share, for the quarter ending September 30, 2019, a cash dividend of $0.28 per common share to…
River City Bank reports net income of $7.0 million for the third quarter of 2019 and $19.5 million year-to-date
SACRAMENTO, CA – River City Bank (the Bank) reported record net income of $7.0 million, or $4.82 per diluted share, for the quarter ending September 30, 2019. This compares favorably to the $5.9 million, or $4.06 per diluted share, for the same period in 2018. Net income was $19.5 million, or $13.33 per diluted share,…