For Immediate Release
SACRAMENTO, Calif., 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:
River City Bank is the largest bank based in Sacramento and the Sacramento region’s premier business bank with assets of more than $1.8 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, BauerFinancial, 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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