PCB Bancorp Declares Quarterly Cash Dividend of $0.15 Per Common Share

Rhea-AI Summary

PCB Bancorp has declared a quarterly cash dividend of $0.15 per common share on January 26, 2023. The dividend will be paid to shareholders of record as of February 10, 2023, with payment scheduled on or about February 17, 2023. PCB Bancorp, operating primarily in Southern California, offers commercial banking services to small and medium-sized businesses and minority communities, especially Korean-Americans.

Positive

• Quarterly cash dividend of $0.15 signifies financial health and shareholder return.
• Scheduled payment reinforces PCB Bancorp's commitment to returning value to shareholders.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank, announced that on January 26, 2023, its Board of Directors declared a quarterly cash dividend of $0.15 per common share. The dividend will be paid on or about February 17, 2023, to shareholders of record as of the close of business on February 10, 2023.

About PCB Bancorp

PCB Bancorp is the bank holding company for PCB 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/20230126005210/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 quarterly cash dividend of $0.15 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on or about February 17, 2023.

Who is eligible to receive the dividend from PCB Bancorp?

Shareholders of record as of February 10, 2023, will be eligible to receive the dividend.