SACRAMENTO, CA — Steve Fleming, President and CEO of River City Bank (the Bank), announced that the Bank’s board of directors has approved an increase to the quarterly cash dividends from $0.28 per common share to $0.30 per common share. The increase was made in connection with the Bank’s recently reported net income of $5.8 million and $25.3 million, or $4.00 and $17.33 diluted earnings per share, for the quarter and year ending December 31, 2019, respectively. These quarterly cash dividends will be made to shareholders of record as of February 7, 2020, and payable on February 21, 2020.
About River City Bank
Named one of Sacramento Business Journal’s “50 Fastest Growing Companies” for each of the past six years, River CityBank is a leading boutique commercial bank throughout California with assets of over $4.9 billion. River City Bank offers a comprehensive suite of banking services, including loans, deposits, and cash management tools to the business, consumer, and commercial real estate sectors. With tailored, concierge-like level of service River City Bank redefines the banking experience and every touch point that surrounds it. River City Bank is the largest, independent, locally-owned and managed bank in the Sacramento region with an office in the San Francisco Bay Area and a presence in Southern California. For additional information, please visit www.rivercitybank.com or call (916) 567-2600. Member FDIC. Equal Housing Lender.
