Company Website:
http://sierrabancorp.com/
PORTERVILLE, Calif. -- (Business Wire)
Sierra Bancorp (Nasdaq:BSRR), parent of Bank of the Sierra, today
announced that its Board of Directors has declared a regular quarterly
cash dividend of $0.16 per share. The dividend, which will be paid on
May 17, 2018 to shareholders of record as of May 3, 2018, was approved
subsequent to the Board’s review of the Company’s financial performance
and capital strength for the quarter ended March 31, 2018. Counting
dividends paid by Bank of the Sierra prior to the formation of Sierra
Bancorp, the Company has paid regular cash dividends to shareholders
every year since 1987, comprised of annual dividends through 1998 and
quarterly dividends since then. The dividend noted in today’s
announcement marks the Company’s 77th consecutive quarterly
cash dividend.
Sierra Bancorp is the holding company for Bank of the Sierra (www.bankofthesierra.com),
which is in its 41st year of operations and is the largest independent
bank headquartered in California's South San Joaquin Valley. Bank of the
Sierra is a community-centric regional bank, which offers a full range
of retail and commercial banking services through full-service branches
located within the counties of Tulare, Kern, Kings, Fresno, Los Angeles,
Ventura, San Luis Obispo, and Santa Barbara. The Bank also maintains an
online branch, and provides specialized lending services through an
agricultural credit center, a real estate industries center, and an SBA
center.
Forward-Looking Statements
The statements contained in this release that are not historical
facts are forward-looking statements based on management's current
expectations and beliefs concerning future developments and their
potential effects on the Company.Readers are cautioned not to
unduly rely on forward looking statements.Actual results may
differ from those projected.These forward-looking statements
involve risks and uncertainties including but not limited to the
Company’s ability to maintain current dividend payments or increase
dividend payouts to shareholders, the Company’s ability to generate
adequate financial results, changes in economic conditions, interest
rates and loan portfolio performance, and other factors detailed in the
Company’s SEC filings.Sierra Bancorp undertakes no
responsibility to update or revise any forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180420005132/en/
Contacts:
Bank of the Sierra
Kevin McPhaill, 559-782-4900 or 888-454-BANK
President/Chief
Executive Officer
www.sierrabancorp.com
Source: Sierra Bancorp
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