Business News • MarketWire • Focus Business Bank Declares 5% Stock Dividend |
Focus Business Bank Declares 5% Stock Dividend |
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Focus Business Bank Declares 5% Stock Dividend
SAN JOSE, CA--(Marketwired - Aug 27, 2013) - Focus Business Bank (OTCQB: FCSB) announced today that its Board of Directors has declared a 5% stock dividend. The dividend recognizes the Bank's 13 consecutive quarters of profitability, strong growth and excellent asset quality. At June 30, 2013, loans and deposits were at all-time high levels, there were no non-performing assets and net income for the first two quarters of 2013 was $313,000. Five shares of common stock will be issued as a dividend for every 100 shares of common stock owned by shareholders of record on September 12, 2013 and will be distributed on September 27, 2013. Cash will be paid in lieu of fractional shares, if any, based on the fair market value of the shares on the record date.
View More : http://www.marketwire.com/mw/release.do?id=1825076&sourceType=3
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