SUN VALLEY, Calif.,
March 12, 2015 /PRNewswire/
-- President & CEO Tamara
Gurney of Mission Valley Bancorp – (parent company of
Mission Valley Bank) announced today a $0.05 per share cash dividend on its outstanding
common stock. The dividend was approved at the regularly
scheduled Board of Directors meeting held on February 24, 2015. The dividend will be
payable on or about March 27, 2015 to
common shareholders of record as of March
16, 2015.
Gurney stated, "We are very pleased to pay this cash dividend to
our common shareholders. The bank's strong capital position
and continued solid earnings performance has allowed us the
opportunity to enhance shareholder value through our first payment
of a cash dividend."
Mission Valley Bank is a full-service, independent, commercial
bank specializing in the banking needs of small to medium
businesses in the San Fernando & Santa Clarita Valleys. The
Bank was chartered in July 2001, with
a vision of local ownership and a commitment to providing financial
solutions to meet the needs of its clients. Mission
Valley Bancorp is traded on the OTCQX under the symbol MVLY.
Forward-looking statements:
Certain matters
discussed in this news release constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based upon current
management expectations and, therefore, are subject to certain
risks and uncertainties that could cause actual results,
performance, or achievements to differ materially from those
expressed, suggested, or implied by the forward-looking statements.
Forward-looking statements are effective only as of the date that
they are made and Mission Valley Bank assumes no obligation to
update this information.
www.MissionValleyBank.com
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SOURCE Mission Valley Bancorp