PBCO Financial Corporation Declares 5% Stock Dividend

Rhea-AI Summary

PBCO Financial Corporation (OTC PINK: PBCO) declared a 5% stock dividend for shareholders of record as of October 10, 2022, with distribution expected around November 10, 2022. This decision reflects the company’s strong financial performance, highlighted by improved core earnings year-over-year. CEO Ken Trautman emphasized gratitude towards shareholders for their support, showcasing the bank's profitable results and commitment to shareholder value. Cash payments will be made for any fractional shares.

Positive

• 5% stock dividend announced to reward shareholders.
• Strong financial results with improved core earnings year-over-year.

Negative

• None.

MEDFORD, Ore.--(BUSINESS WIRE)-- The Board of Directors of PBCO Financial Corporation (OTC PINK: PBCO), the holding company for People’s Bank of Commerce, announced today a five percent (5%) stock dividend payable to all shareholders of record October 10, 2022, payable on or about November 10, 2022. Ken Trautman, CEO, stated “the Board of Directors is pleased to provide this dividend to our shareholders in appreciation of their support and in recognition of the strong financial results the bank has seen for the second quarter and year-to-date. Company profitability has performed according to expectations in 2022, with core earnings improving year-over-year, as demonstrated in our most recent earnings release.” No fractional shares will be issued, and cash will be paid in lieu of fractional shares.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220909005539/en/

Ken Trautman, CEO

(541) 774-7654, ken@peoplesbank.bank

Source: PBCO Financial Corporation

FAQ

What is the dividend amount for PBCO in 2022?

PBCO announced a 5% stock dividend for shareholders.

When is the dividend for PBCO payable?

The dividend is payable on or about November 10, 2022.

Who announced the dividend for PBCO?

The dividend was announced by CEO Ken Trautman.

What is the record date for PBCO's dividend?

The record date for the dividend is October 10, 2022.

Will PBCO issue fractional shares for the dividend?

No fractional shares will be issued; cash will be paid in lieu of fractional shares.