SACRAMENTO, CA – July 28, 2017—Steve Fleming, president and chief executive officer of River City Bank (the Bank), announced that the Bank’s board of directors has approved, in connection with the Bank’s recently reported net income of $6.4 million, or $4.42 diluted earnings per share for the quarter ending June 30, 2017, a cash dividend of $0.23 per common share and $0.79 per preferred share to shareholders of record as of August 7, 2017, and payable on August 22, 2017.

On September 13, 2017, all of the Bank’s 220,168 preferred shares will be converted as required on the seventh anniversary in accordance with the September 2010 Offering Circular into 183,473 shares of common stock. Fractional shares will be paid in cash based on the market value of the Bank’s common stock on that date. Preferred shareholders will be receiving additional instructions regarding the conversion and final dividend in early August 2017.