US Metro Bancorp Declares Interim Dividend on Common Stock

Rhea-AI Summary

US Metro Bancorp (OTCQX: USMT) announced a cash dividend of $0.05 per share, payable on December 15, 2022, to shareholders of record as of the close on November 30, 2022. This dividend aims to provide returns to investors while reflecting the bank's ongoing commitment to shareholder value.

Headquartered in Garden Grove, California, US Metro Bank operates multiple branches across the state and offers various banking services focused on small to medium-sized businesses in Southern California.

Positive

• Declared a cash dividend of $0.05 per share, enhancing shareholder returns.

Negative

• None.

GARDEN GROVE, Calif.--(BUSINESS WIRE)-- US Metro Bancorp (OTCQX: USMT) declared that its Board of Directors approved a $0.05 cash dividend payable on December 15, 2022 to shareholders of record at the close of business on November 30, 2022.

About US Metro Bancorp, Inc. and its wholly-owned subsidiary US Metro Bank

US Metro Bank is a California chartered, full service commercial nonmember bank headquartered in Garden Grove, California with six branch offices in California - Garden Grove, Anaheim, Buena Park (Fullerton Branch), Koreatown/Los Angeles, Fashion District/Los Angeles, Torrance and with loan production offices in Dallas, Seattle, Inland Empire of Southern California, Northern California, Fresno and Sacramento. The Bank opened for business on September 15, 2006, and offers deposit and loan products (including commercial real estate, commercial and industrial, SBA loans and real estate mortgages), as well as related banking services to its targeted client base of executives, professionals, and small to medium-sized businesses, generally in the Southern California area.

This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. Other risks that can affect the Bank are detailed from time to time in our annual reports. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221213006130/en/

Dong Il Kim

(714) 620-8888

Source: US Metro Bancorp

FAQ

What is the dividend amount declared by US Metro Bancorp?

US Metro Bancorp declared a cash dividend of $0.05 per share.

When will the dividend be paid to shareholders of US Metro Bancorp?

The dividend will be paid on December 15, 2022.

What date is the record for US Metro Bancorp's dividend?

The record date for the dividend is November 30, 2022.

How does US Metro Bancorp support its shareholders?

US Metro Bancorp supports its shareholders by declaring dividends, demonstrating its commitment to enhancing shareholder value.