Sierra Bancorp Declares Quarterly Cash Dividend
April 17 2009 - 4:58PM
PR Newswire (US)
PORTERVILLE, Calif., April 17 /PRNewswire-FirstCall/ -- Sierra
Bancorp (NASDAQ:BSRR), parent of Bank of the Sierra, today
announced that its Board of Directors declared a regular quarterly
cash dividend of $0.10 per share, subsequent to the Board's review
of the Company's preliminary financial results for the first
quarter of 2009. The per share dividend is the same as paid last
quarter, and represents an amount that the Board feels will likely
be sustainable given internal net income projections. The dividend
will be paid on May 14, 2009 to shareholders of record as of April
30, 2009. Sierra Bancorp is the holding company for Bank of the
Sierra (http://www.bankofthesierra.com/), which is in its 32nd year
of operations and is the largest independent bank headquartered in
the South San Joaquin Valley. The Company has over $1.3 billion in
total assets with 23 branch offices, an agricultural credit center,
an SBA center, an online "virtual" branch, and over 400 employees.
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 Kevin
McPhaill, EVP/Chief Banking Officer, +1-559-782-4900, or
1-888-454-BANK, both of Sierra Bancorp Web Site:
http://www.sierrabancorp.com/ http://www.bankofthesierra.com/
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