CHINO, Calif., May 2, 2014 /PRNewswire/ -- Chino Commercial
Bancorp (OTC: CCBC) announced today that the Board of Directors has
approved a 10% stock dividend. The dividend is issuable on or about
July 1, 2014 to shareholders of
record as of May 22, 2014. The
dividend will increase the number of outstanding shares of the
Company by approximately 83,328 bringing the total shares
outstanding to approximately 916,600. This will be the Company's
first dividend since inception in 2000.
Commenting on the corporate action, Dann
H. Bowman, President and CEO, stated, "The Board of
Directors is very pleased with the Bank's financial performance,
and has approved this stock dividend in recognition of our many
loyal and dedicated shareholders."
Chino Commercial Bancorp is the parent company of Chino
Commercial Bank, which operates three full service bank branches in
Chino, Ontario and Rancho
Cucamonga.
Forward-Looking Statements
The statements contained in this press release that are not
historical facts are forward-looking statements based on
management's current expectations and beliefs concerning future
developments and their potential effects on the Company. Readers
are cautioned not to unduly rely on forward-looking statements.
Actual results may differ from those projected. These
forward-looking statements involve risks and uncertainties
including but not limited to the health of the national and
California economies, the
Company's ability to attract and retain skilled employees,
customers' service expectations, the Company's ability to
successfully deploy new technology and gain efficiencies there
from, changes in interest rates, loan portfolio performance, and
other factors detailed in the Company's SEC filings.
SOURCE Chino Commercial Bancorp
