Pacific Financial Corporation Declares Cash Dividend of $0.20 Per Share
24 12월 2013 - 1:00AM
Pacific Financial Corporation (OTCQB:PFLC), the
holding company for Bank of the Pacific, today announced that its
Board of Directors declared a $0.20 per share cash dividend to
holders of common stock. The dividend will be paid on January 10,
2014, to shareholders of record as of December 31, 2013.
"This annual cash dividend reflects our commitment to return
value to our shareholders, while retaining capital to support
growth. It is a testament to the strength of our core banking
franchise and the performance of our team members," said Dennis
Long, President and Chief Executive Officer. This dividend
provides a yield of 3% at current market pricing of our shares.
About Pacific Financial Corporation
Pacific Financial Corporation of Aberdeen, Washington, is the
bank holding company for Bank of the Pacific, a state chartered and
federally insured commercial bank. Bank of the Pacific offers
banking products and services to small-to-medium sized businesses
and professionals in Washington and Oregon. As of September
30, 2013, the Company has total assets of $715.7 million and
operated 16 branches in the communities of Grays Harbor, Pacific,
Whatcom, Skagit and Wahkiakum counties in the State of Washington,
and two branches in Clatsop County, Oregon. The Company also
operates loan production offices in the communities of Vancouver,
Dupont and Burlington in Washington. Visit the Company's
website at www.bankofthepacific.com. Member FDIC.
CONTACT: DENNIS LONG, PRESIDENT & CEO
DENISE PORTMANN, EVP & CFO
360.537.4061
The Cereghino Group
IR CONTACT: 206-388-5785
Pacific Financial (QX) (USOTC:PFLC)
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Pacific Financial (QX) (USOTC:PFLC)
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