|By PR Newswire||
|August 28, 2014 05:21 PM EDT||
VISALIA, Calif., Aug. 28, 2014 /PRNewswire/ -- The Board of Valley Commerce Bancorp announced a cash dividend of eight cents per share payable to common shareholders of record on September 5, 2014. The dividend will be paid on or about September 26, 2014. The total amount of the cash dividend will be approximately $233 thousand, an increase of 5% from the dividend paid in June 2014 and a 40% increase from the dividend paid in March 2014. The company's board of directors will consider future cash dividends following the end of each calendar quarter. The company also issued a 5% stock dividend in June 2014. The company's board of directors typically considers stock dividends on an annual basis.
OTHER INFORMATION: Valley Commerce Bancorp stock trades on NASDAQ's Over the Counter Bulletin Board under the symbol VCBP. Valley Business Bank, the wholly owned subsidiary of Valley Commerce Bancorp, is a commercial bank that commenced operations in 1996. Valley Business Bank operates through Business Banking Centers in Visalia, Tulare, and Fresno, California and has branch offices in Woodlake and Tipton, California. Additional information about Valley Business Bank is available from the Bank's website at http://www.valleybusinessbank.net.
FORWARD-LOOKING STATEMENTS: In addition to historical information, this release includes forward-looking statements, which reflect management's current expectations for Valley Commerce Bancorp's future financial results, business prospects and business developments. Management's expectations for Valley Commerce Bancorp's future necessarily involve assumptions, estimates and the evaluation of risks and uncertainties. Various factors could cause actual events or results to differ materially from those expectations. The forward-looking statements contained herein represent management's expectations as of the date of this release. Valley Commerce Bancorp undertakes no obligation to release publicly the results of any revisions to the forward-looking statements included herein to reflect events or circumstances after today, or to reflect the occurrence of unanticipated events. For those statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
SOURCE Valley Commerce Bancorp
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