JERICHO,
N.Y., May 2, 2023 /PRNewswire/ -- Esquire
Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the
financial holding company for Esquire Bank, National Association
(collectively "Esquire"), today announced an increase to its
regular quarterly dividend by 25% to $0.125 per share of common stock, payable on
June 1, 2023, to each stockholder of
record on May 15, 2023.
Separately, Esquire also announced that Andrew C. Sagliocca, Chief Executive Officer and
President of Esquire, has been promoted to Vice Chairman of the
Board of Directors effective immediately. Mr. Sagliocca has
served as a member of the Board of Directors since 2008 and as
Chief Executive Officer and President since 2009.
"Andrew is an outstanding industry leader who has been
instrumental in the growth and success of our unique Company over
the past 16 years," stated Tony
Coelho, Chairman of the Board of Directors. "As a
fellow Board member, Andrew and his team have created a successful
institutional and corporate culture for the national verticals we
serve, valued clients, dedicated employees, and investors who
entrust us with their capital."
"I am grateful that Tony and our entire Board have put their
faith and trust in me to lead Esquire through our next chapter,"
said Mr. Sagliocca. "Tony has been a mentor and trusted
advisor for well over a decade. I am grateful to all our
trusted employees, our loyal client business partners, my fellow
Board members, and all the stakeholders who are critical to making
Esquire a success every day."
About Esquire Financial Holdings, Inc.
Esquire Financial Holdings, Inc. is a financial holding company
headquartered in Jericho, New
York, with one branch office in Jericho, New York and an administrative office
in Boca Raton, Florida. Its
wholly-owned subsidiary, Esquire Bank, National Association, is a
full service commercial bank dedicated to serving the financial
needs of the legal industry and small businesses nationally, as
well as commercial and retail customers in the New York metropolitan area. The bank offers
tailored products and solutions to the legal community and their
clients as well as dynamic and flexible payment processing
solutions to small business owners. For more information, visit
www.esquirebank.com.
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SOURCE Esquire Financial Holdings, Inc.