River City Bank Announces Board Approval of Quarterly Cash Dividend on Common Shares

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River City Bank has declared a cash dividend of $0.35 per common share, payable on May 16, 2023, to shareholders of record as of May 2, 2023. This decision follows the bank's announcement of a net income of $12.9 million for the first quarter of 2023, translating to $8.64 diluted earnings per share. Recognized as one of the Sacramento Business Journal's "

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SACRAMENTO, CA / ACCESSWIRE / April 24, 2023 / 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 $12.9 million or $8.64 diluted earnings per share for the quarter ending March 31, 2023, a cash dividend of $0.35 per common share to shareholders of record as of May 2, 2023, and payable on May 16, 2023.

ABOUT RIVER CITY BANK:

Named one of Sacramento Business Journal's "50 Fastest Growing Companies" for each of the past six years, River City Bank is the Sacramento region's premier business bank with assets of over $4.3 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 long term investment grade credit rating from Standard & Poor's, River City Bank redefines the banking experience and every touch point that surrounds it. River City Bank is the largest, independent, locally-owned and managed bank in the Sacramento region with offices in the San Francisco Bay Area and a presence in Southern California. For additional information, please visit www.rivercitybank.com or call (916) 567-2600. Member FDIC. Equal Housing Lender.

Media Contact:

Pat Lewis, Vice President- Chief Operating Officer, pat.lewis@rivercitybank.com or 916-567-2600.

Contact Information

Pat Lewis
Executive Vice President - Chief Operating Officer
pat.lewis@rivercitybank.com
916-567-2600

SOURCE: River City Bank

View source version on accesswire.com:
https://www.accesswire.com/750898/River-City-Bank-Announces-Board-Approval-of-Quarterly-Cash-Dividend-on-Common-Shares