BayCom Corp Announces Cash Dividend

Rhea-AI Summary

BayCom Corp (BCML) Declares Quarterly Cash Dividend of $0.10 per Share

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- BayCom Corp (NASDAQ: BCML) (“BayCom” or the “Company”), the parent company of United Business Bank, today announced that its Board of Directors (“the Board”) declared a quarterly cash dividend of $0.10 per share on the Company's outstanding common stock. The cash dividend will be payable on January 12, 2024 to shareholders of record as of the close of business on December 14, 2023.

About BayCom Corp

The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full-range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and its affiliates in California, Washington, New Mexico and Colorado. The Bank is an Equal Housing Lender and a member of FDIC. The Company is traded on the NASDAQ under the symbol “BCML”. For more information, go to www.unitedbusinessbank.com.

Safe-Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance or business and ability to continue paying dividends. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in BayCom's Annual Report on Form 10-K/A for the year ended December 31, 2022. Such forward-looking statements speak only as of the date of this release. BayCom expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company's expectations of results or any change in events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231128712770/en/

BayCom Corp

Keary Colwell, 925-476-1800

kcolwell@ubb-us.com

Source: BayCom Corp

What is the latest announcement from BayCom Corp (BCML)?

BayCom Corp (BCML) has declared a quarterly cash dividend of $0.10 per share on its outstanding common stock.

When will the cash dividend be payable to shareholders of BayCom Corp (BCML)?

The cash dividend will be payable on January 12, 2024.

What is the record date for the cash dividend for BayCom Corp (BCML)?

Shareholders of BayCom Corp (BCML) as of the close of business on December 14, 2023, will be eligible to receive the cash dividend.