PBCO--People’s Bank of Commerce- Mid Cap Stock- Banking
People's Bank Declares Quarterly Cash Dividend
The board of directors of People’s Bank of Commerce (OTCBB:PBCO) announced that it has declared its ninth quarterly cash dividend – $0.10 per share. The $0.10 dividend will be paid on June 1, 2008 to shareholders of record May 15, 2008.
People’s Bank was organized in 1998 and operates from a main office in Medford and a branch office in Ashland, Oregon. Construction on a third office is nearing completion in Central Point, Oregon, and the bank expects to open in June.
At March 31, 2008, the bank reported total assets of $86.5 million, total deposits of $74 million and total shareholders’ equity of $11.6 million. Shares are traded in the over-the-counter bulletin board market under the symbol PBCO.
People’s Bank of Commerce
Mike Sickels, CEO, 541-774-7657
Source: Business Wire (May 1, 2008 - 6:33 PM EDT)
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