Paving the way for River City Bank’s upcoming 40th anniversary in 2013, River City Bank President and CEO Steve Fleming announced that the bank’s board of directors approved a special cash dividend of 40 cents per common share to shareholders of record as of Nov. 27, payable on Dec. 11.
“This special cash dividend is symbolically important, as it offers one cent for every year River City Bank has been in business,” Fleming said in a news release. “It’s also significant in a very concrete sense, inasmuch as it effectively doubles the total dividends we have provided our shareholders thus far in 2012, from 40 cents per common share to a total of 80 cents per common share.”
Founded in 1973, River City Bank bills itself as the Sacramento region’s premier business bank with assets of more than $1 billion. It operates a branch in downtown Davis at 239 E St.
For more information, visit www.rivercitybank.com or call 916-567-2600.