SAN DIEGO, CA / ACCESSWIRE / August 19, 2020 / Seacoast Commerce Banc Holdings (OTC PINK:SCBH) ("Company"), the holding company of Seacoast Commerce Bank ("Bank"), announced that the Board of Directors approved a quarterly cash dividend of $0.14 per share. The cash dividend is payable on September 15, 2020, to shareholders of record as of the close of business on September 3, 2020.
Richard M. Sanborn, President & Chief Executive Officer, commented, "The Board of Directors is very pleased to be able to continue our record of returning capital back to shareholders. This third-quarter dividend represents a 16.7% increase over the second-quarter dividend, and is reflective of company's continued success."
About Seacoast Commerce Banc Holdings: Seacoast Commerce Banc Holdings is a bank holding company with one wholly-owned banking subsidiary, Seacoast Commerce Bank. Both the holding company and the bank are headquartered in San Diego, California, with the Bank having five full-service banking branches in California and Nevada, and loan and deposit production offices throughout Arizona, California, Colorado, Georgia, Illinois, Indiana, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Oregon, Texas, Utah and Washington. For more information, please visit please visit www.scbholdings.com or www.sccombank.com, or contact Richard M. Sanborn, President and Chief Executive Officer at (725) 465-1919, or [email protected].
This press release contains some non-GAAP financial analysis provided to supplement information regarding the Bank's performance, and to enhance investors' overall understanding of such financial performance. Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such "forward-looking" statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance and regulatory matters.
Richard M. Sanborn
President & Chief Executive Officer
Email: [email protected]
SOURCE: Seacoast Commerce Bank