PCB Bancorp Declares Quarterly Cash Dividend of $0.12 Per Common Share

Rhea-AI Summary

PCB Bancorp (NASDAQ: PCB) has declared a quarterly cash dividend of $0.12 per common share, set to be paid on November 19, 2021. This dividend is for shareholders of record as of November 12, 2021. PCB Bancorp, which operates Pacific City Bank, offers a wide range of commercial banking services mainly targeting small to medium-sized businesses and minority communities in Southern California.

Positive

• Quarterly cash dividend of $0.12 per share declared.
• Dividend payment reflects company confidence in financial stability.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of Pacific City Bank (the “Bank”), announced that on October 28, 2021, its Board of Directors declared a quarterly cash dividend of $0.12 per common share. The dividend will be paid on or about November 19, 2021, to shareholders of record as of the close of business on November 12, 2021.

About PCB Bancorp

PCB Bancorp, formerly known as Pacific City Financial Corporation, is the bank holding company for Pacific City Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005076/en/

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

Source: PCB Bancorp

FAQ

What is the dividend amount declared by PCB Bancorp?

PCB Bancorp declared a dividend of $0.12 per common share.

When will PCB Bancorp pay the dividend?

The dividend will be paid on November 19, 2021.

What is the record date for the dividend payment from PCB Bancorp?

The record date for the dividend payment is November 12, 2021.

How does the dividend reflect PCB Bancorp's financial health?

The declared dividend demonstrates PCB Bancorp's confidence in its financial stability.