Sierra Bancorp Declares $0.13 Cash Dividend
January 20 2006 - 5:45PM
PR Newswire (US)
PORTERVILLE, Calif., Jan. 20 /PRNewswire-FirstCall/ -- Sierra
Bancorp (NASDAQ:BSRR), parent of Bank of the Sierra, today
announced that its Board of Directors has declared a regular
quarterly cash dividend of $0.13 per share, which is 18% above the
quarterly dividend paid a year ago and 8% higher than the dividend
paid last quarter. The dividend will be paid on February 15, 2006
to shareholders of record as of February 1, 2006. "Once again we
are pleased to be able to offer a tangible reward to our
shareholders," stated James C. Holly, President and CEO, "based on
preliminary indications of robust financial performance for the
recently concluded quarter and year." Sierra Bancorp is the holding
company for Bank of the Sierra (http://www.bankofthesierra.com/),
which is in its 29th year of operations and is the largest
independent bank headquartered in the South San Joaquin Valley. The
Company has over $1.05 billion in total assets and currently
maintains nineteen branch offices, an agricultural credit center,
and an SBA center. In June 2005, Sierra Bancorp was added to the
Russell 2000 index based on relative growth in market
capitalization. In its July 2005 edition, US Banker magazine ranked
Sierra Bancorp as the nation's 8th best performing publicly-traded
community bank based on three-year average return on equity. The
statements contained in this release that are not historical facts
are forward-looking statements based on management's current
expectations and beliefs concerning future developments and their
potential effects on the Company. Readers are cautioned not to
unduly rely on forward-looking statements. Actual results may
differ from those projected. These forward-looking statements
involve risks and uncertainties including but not limited to the
bank's ability to maintain current dividend payments or increase
dividend payouts to shareholder, its ability to continue to
generate record financial results, changes in economic conditions,
interest rates and loan portfolio performance, and other factors
detailed in the Company's SEC filings. Sierra Bancorp undertakes no
responsibility to update or revise any forward-looking statements.
DATASOURCE: Sierra Bancorp CONTACT: Ken Taylor, EVP/CFO, or Hope
Attenhofer, SVP/Marketing Director, +1-559-782-4900 or
1-888-454-BANK, both of Sierra Bancorp Web site:
http://www.bankofthesierra.com/
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