PORTERVILLE, Calif.,
July 16 /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 $0.06 per share,
subsequent to the Board's review of the Company's preliminary
financial results and capital strength for the quarter ended
June 30, 2010. The dividend
will be paid on August 11, 2010 to
shareholders of record as of July 28,
2010.
Sierra Bancorp is the holding company for Bank of the Sierra
(www.bankofthesierra.com), which is in its 33rd year of operations
and is the largest independent bank headquartered in the
South San Joaquin Valley.
The Company has $1.3 billion in
total assets with 25 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.
SOURCE Sierra Bancorp