January 30, 2017

River City Bank Reports an Increase to the Quarterly Cash Dividend on Common Shares

SACRAMENTO, CA – Jan. 30, 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 $4.7 million, or $3.27 diluted earnings per share, for the quarter ending December 31, 2016, an increase to the quarterly cash dividend from $0.21 per common share to $0.23 per common share. The quarterly cash dividend for preferred shareholders remains unchanged at $0.79 per preferred share. These quarterly common and preferred cash dividends will be made to shareholders of record as of February 7, 2017, and payable on February 21, 2017.

About River City Bank

Named one of Sacramento Business Journal’s “50 Fastest Growing Companies” for each of the past six years, River City Bank is a leading boutique commercial bank throughout California with assets of over $4.9 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, 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. For additional information, please visit www.rivercitybank.com or call (916) 567-2600. Member FDIC. Equal Housing Lender.

Related Posts