Pacific Alliance Bank Declares Cash Dividend of $0.10 per Share

Rhea-AI Summary

Pacific Alliance Bank (OTC: PFBN) announced a cash dividend of $0.10 per share, payable on February 25, 2022, to shareholders on record by February 7, 2022. The bank, based in Rosemead, California, aims to deliver customized financial services to small and midsize businesses.

This move emphasizes the bank's commitment to returning value to shareholders and reflects a stable financial position within the community banking sector.

Positive

• Dividend of $0.10 per share demonstrates shareholder return strategy.
• Payment date and record date provide clarity for investors.

Negative

• None.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- Pacific Alliance Bank (OTC: PFBN), today announced that the Board of Directors declared a cash dividend on its common stock of $0.10 per share. The dividend will be paid on February 25, 2022, to stockholders of record as of the close of business on February 7, 2022.

About Pacific Alliance Bank

Pacific Alliance Bank is a full-service FDIC insured community bank, headquartered at 8400 E. Valley Blvd., Rosemead, California 91770. The Bank has additional full-service branches located at 18253 Colima Road, #101, Rowland Heights, California 91748, and 4520 Barranca Parkway, Irvine, California 92604. For more information, please contact Mr. Chris Chan, Executive Vice President and Chief Financial Officer, at (626) 773-8893 or cchan@pacificalliancebank.com, or visit www.pacificalliancebank.com.

Pacific Alliance Bank continues its mission of delivering business value, serving small to midsize business owners, and key employees who seek a personal bank ready to meet their banking needs with customized services.

Forward Looking Statements

This document may include forward-looking information, which is subject to the "safe harbor" created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act and the Private Securities Litigation Reform Act of 1995. When the Bank uses or incorporates by reference in this document the words "anticipate," "estimate," "expect," "project," "intend," "commit," "believe" and similar expressions, the Bank intends to identify forward-looking statements. Our actual results may differ materially from those projected in any forward-looking statements, as they will depend on many factors about which we are unsure, including many factors which are beyond our control.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005008/en/

Chris Chan, Executive Vice President and Chief Financial Officer

(626) 773-8893

cchan@pacificalliancebank.com

Source: Pacific Alliance Bank

FAQ

What is the dividend amount declared by Pacific Alliance Bank?

Pacific Alliance Bank declared a cash dividend of $0.10 per share.

When will the dividend be paid to shareholders of Pacific Alliance Bank?

The dividend will be paid on February 25, 2022.

What is the record date for the dividend payment from Pacific Alliance Bank?

The record date for the dividend payment is February 7, 2022.

How often does Pacific Alliance Bank issue dividends?

The press release does not specify the frequency of dividends issued by Pacific Alliance Bank.

Is the dividend from Pacific Alliance Bank sustainable?

The sustainability of the dividend is not discussed in the press release.