PORTERVILLE, Calif.,
Jan. 20, 2012 /PRNewswire/ -- 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 financial results
and capital strength for the quarter ended December 31, 2011. The dividend will be
paid on February 16, 2012 to
shareholders of record as of February 2,
2012.
Sierra Bancorp is the holding company for Bank of the Sierra
(www.bankofthesierra.com), which is in its 35th 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