Malaga Financial Corporation Announces 38th Consecutive Quarterly Cash Dividend
13 Setembro 2013 - 3:32PM
Business Wire
Malaga Financial Corporation (OTCBB:MLGF) Malaga
Financial Corporation announced today the declaration of a cash
dividend in the amount of 15 cents per share to shareholders of
record on September 27, 2013. The dividend will be paid out on or
about October 7, 2013.
Randy C. Bowers, President and CEO, remarked, “We are pleased to
announce our 38th consecutive quarterly dividend. Throughout the
financial crisis over the last 5+ years the disciplined execution
of our business plan has resulted in strong earnings and allowed us
to consistently reward our shareholders for their loyal support. We
look forward to continuing to serve and support the South Bay
community.”
Malaga Bank, a subsidiary of MFC, is a full-service community
bank headquartered on the Palos Verdes Peninsula with six offices
located in the South Bay area of Los Angeles. It has been ranked
among the top 200 Community Banks in the United States as published
in the May 2013 issue of American Banker Magazine. The
rankings were based on average return on equity for the 3 year
period ending December 31, 2012. Malaga was the top ranked
institution located in California and was ranked #9 among the top
200 in the nation. Since 1985 Malaga has been delivering
competitive banking services to residents and businesses of the
South Bay, including real estate loan products custom-tailored to
consumers and investors. As the largest community bank in the South
Bay, Malaga is proud of its continuing tradition of
relationship-based banking and legendary customer service. The
Bank’s web site is located at www.malagabank.com.
Malaga Financial (PK) (USOTC:MLGF)
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