SANTA CRUZ, Calif.,
Aug. 20, 2014 /PRNewswire/
-- Santa Cruz County Bank (OTCQB: SCZC) announced that its
Board of Directors has declared a quarterly cash dividend in the
amount of $0.05 per share. The
dividend is payable on October 10,
2014 to stockholders of record as of the close of business
on September 25, 2014. This is the
sixth cash dividend declared by Santa Cruz County Bank.
The Bank reported record quarterly net income of over
$1 million for the second quarter
ended June 30, 2014. The book value
per share of Santa Cruz County Bank's common stock at June 30, 2014 was $16.79, compared to $15.61 as of June 30,
2013. Shareholders' equity of $35.9
million as of June 30, 2014
represented a $5.1 million increase
over June 30, 2013.
ABOUT SANTA CRUZ COUNTY
BANK
Santa Cruz County Bank, founded in 2004, is a locally owned and
operated community bank with offices located in Aptos, Capitola, Santa
Cruz, Scotts Valley and
Watsonville. The Bank offers a
variety of competitive deposit and lending solutions for businesses
and individuals; including business loans, lines of credit,
commercial real estate financing, agricultural loans, SBA and USDA
government guaranteed loans, credit cards, merchant services,
remote deposit capture, and online banking bill payment and cash
management. For the past seven years, the Bank's SBA Department has
been recognized as a top SBA lender in Santa Cruz County for 7a and 504 loans.
RATINGS & AWARDS
The Findley Reports, Inc.:
2012 – One of eleven "Exceptional Banks" in California
2013, 2012, 2011 – "Super Premier Performing Bank"
Bauer Financial Reports, Inc.:
Santa Cruz County Bank received the distinction of 4-Star
"Excellent" and a 5-Star "Superior" by Bauer Financial Reports,
Inc., for financial performance every quarter since 2007.
American Banker Magazine:
2014 – Santa Cruz County Bank ranked 115th out of 851
institutions in American Banker Magazine's "Top Performing 200
Community Banks & Thrifts in the
United States" based upon 3-year average return on
equity.
For more information, visit www.sccountybank.com.
This release may contain forward-looking statements that are
subject to risks and uncertainties. Such risks and uncertainties
may include but are not necessarily limited to fluctuations in
interest rates, inflation, government regulations and general
economic conditions, and competition within the business areas in
which the Bank is conducting its operations, including the real
estate market in California and
other factors beyond the Bank's control. Such risks and
uncertainties could cause results for subsequent interim periods or
for the entire year to differ materially from those indicated.
Readers should not place undue reliance on the forward-looking
statements, which reflect management's view only as of the date
hereof. The Bank undertakes no obligation to publicly revise these
forward-looking statements to reflect subsequent events or
circumstances.
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SOURCE Santa Cruz County Bank
