SACRAMENTO, Calif. — Steve Fleming, president and chief executive officer of River City Bank (the Bank), announced that the Bank’s board of directors has approved a 5 percent increase to the quarterly cash dividend from $0.30 per common share to $0.315 per common share. The increase was made in connection with the Bank’s recently reported net income of $9.9 million and $31.6 million, or $6.71 and $21.58 diluted earnings per share, for the quarter and year ending December 31, 2020, respectively. These dividends will be made to shareholders of record as of February 9, 2021, and payable on February 23, 2021.
About River City Bank
Named one of Sacramento Business Journal’s “50 Fastest Growing Companies” for each of the past four years, River City Bank is the Sacramento region’s premier business bank with assets over $3.3 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 “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 offices in the San Francisco Bay Area and a presence in Southern California. For additional information, please visit www.rivercitybank.com or call (916) 567-2600. Member FDIC. Equal Housing Lender.