Steve Fleming, president and chief executive officer of River City Bank, announced a cash dividend of 12.5 cents per common share and 79 cents per preferred share to bank shareholders of record as of May 6, 2013. The dividends will be payable on May 21.
The action was approved by the bank’s board of directors in connection with River City’s recently reported net income of $2.5 million for the quarter ending March 31, 2013.
Celebrating its 40th anniversary, River City Bank is the largest independent, locally owned bank in the Sacramento region, maintaining 13 branches in Yolo, Sacramento, Placer and El Dorado counties, including a branch at 239 E St. in downtown Davis. The bank has assets of more than $1.1 billion.
For more information, visit www.rivercitybank.com.