SALINAS, Calif., July 10, 2018 /PRNewswire/ -- Pacific Valley Bank (OTCQB: PVBK) The Board of Directors of Pacific Valley Bank have declared a 10% stock dividend to paid on July 31, 2018. "We are extremely proud of the financial performance of the Bank in 2017 and for the first two quarters of 2018," said Anker Fanoe, President and Chief Executive Officer. "The Board of Directors is committed to recognizing the loyalty and support of our shareholders with the stock dividend," he continued.
The 10% stock dividend will result in one share of common stock paid for every ten shares of common stock owned on July 16, 2018, the record date for the stock dividend. Any fractional shares will be rounded up or down.
About Pacific Valley Bank:
Pacific Valley Bank is a California State chartered bank that commenced operations in September 2004. Pacific Valley Bank serves three locations; administrative headquarters and branch offices in Salinas, King City and Monterey, California. The Bank offers a broad range of banking products and services, including credit and deposit services to small and medium sized businesses, agriculture related businesses, non-profit organizations, professional service providers and individuals. The Bank serves customers primarily in Monterey County. For more information, visit www.pacificvalleybank.com.
Contact: Anker Fanoe, Chief Executive Officer (831) 771-4384
SOURCE Pacific Valley Bank