SACRAMENTO, CA — 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 $6.1 million or $4.20 diluted earnings per share for the quarter ending June 30, 2020, a cash dividend of $0.30 per common share to shareholders of record as of August 4, 2020, and payable on August 18, 2020.
About River City Bank
Named one of Sacramento Business Journal’s “50 Fastest Growing Companies” for each of the past seven years, River City Bank is a leading boutique commercial bank throughout California with assets of over $5.2 billion. River City Bank offers a comprehensive suite of banking services, including loans, deposits and cash management tools to businesses, consumers, municipalities and the commercial real estate sectors. With a tailored, concierge-like level of service, River City Bank redefines the banking experience and every touch point that surrounds it. River City Bank is the largest, independent, locally-owned and managed bank in the Sacramento region with an office in the San Francisco Bay Area and a presence in Southern California. With an expertise in clean energy, River City Bank is committed to driving sustainable growth and empowering the communities it serves. For additional information, please visit www.rivercitybank.com or call (916) 567-2600. Member FDIC.