US Metro Bancorp Declares Interim Dividend on Common Stock

Rhea-AI Summary

US Metro Bancorp (OTC-PINK: USMT) has announced a $0.05 cash dividend, which will be payable on December 15, 2021, to shareholders of record as of November 30, 2021. The bank operates in California, offering various banking services, including commercial loans and deposit products. This dividend declaration reflects the bank’s commitment to returning value to its shareholders while maintaining a focus on client relationships and business growth in the Southern California market.

Positive

• Dividend of $0.05 declared, demonstrating commitment to shareholder value.

Negative

• Potential risks associated with fluctuations in interest rates and adverse economic conditions that could impact future performance.

GARDEN GROVE, Calif.--(BUSINESS WIRE)-- US Metro Bancorp (OTCQX: USMT) announced today that its Board of Directors approved a $0.05 cash dividend payable on December 15, 2021 to shareholders of record at the close of business on November 30, 2021.

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 and in the Bay Area of Northern California. The Bank opened for business on September 15, 2006, and offers deposit and loan products (including commercial real estate, commercial and industrial and SBA loans), 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/20211115006342/en/

Dong Il Kim

(714) 620-8888

Source: US Metro Bancorp

FAQ

What is the dividend amount for US Metro Bancorp (USMT)?

The dividend amount for US Metro Bancorp (USMT) is $0.05.

When will the dividend for US Metro Bancorp (USMT) be paid?

The dividend will be paid on December 15, 2021.

What is the record date for the dividend payment for US Metro Bancorp (USMT)?

The record date for the dividend payment is November 30, 2021.

What services does US Metro Bank offer?

US Metro Bank offers deposit products, commercial loans, and related banking services.

What are the risks mentioned in the US Metro Bancorp press release?

The risks include fluctuations in market rates of interest and adverse economic conditions.