Written by The Business Journal Staff
Valley Commerce Bancorp, parent company of Visalia’s Valley Business Bank, announced a cash dividend of 10 cents per share.
The dividend is payable to common shareholders of recored as of June 6 and is to be distributed or or about June 28.
The total amount of the cash dividend will be about $286,000.
Walter A. Dwelle, chairman of Valley Commerce Bancorp, said the board will consider additional cash dividends following the end of each quarter.
“After a fifth consecutive year of record profits, I am pleased to announce this cash dividend,” stated Dwelle. He added, “We recently completed our 20th year of operations and remain dedicated to delivering a strong return on Valley Commerce Bancorp stock.”