Bank of Commerce Holdings Announces Third Quarter Cash Dividend of $0.06 per Share
August 18 2021 - 4:10PM
Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.917
billion asset bank holding company and parent company of Merchants
Bank of Commerce (the “Bank”), today announced that the Board of
Directors has authorized a cash dividend of $0.06 per share for the
2021 third quarter.
The $0.06 per share quarterly cash dividend will
be paid to shareholders of record as of September 15, 2021 and is
payable on September 29, 2021.
About Bank of Commerce
Holdings
Bank of Commerce Holdings is a bank holding
company headquartered in Sacramento, California and is the parent
company for Merchants Bank of Commerce. The Bank is an FDIC-insured
California banking corporation providing community banking and
financial services in northern California along the Interstate 5
corridor from Sacramento to Yreka and in the wine region north of
San Francisco. The Bank was incorporated as a California banking
corporation on November 25, 1981 and opened for business on October
22, 1982. The Company’s common stock is listed on the NASDAQ Global
Market and trades under the symbol “BOCH”. As previously announced,
on June 23, 2021, the Company entered into an Agreement and Plan of
Merger with Columbia Banking System, Inc. (“Columbia”) with
Columbia as the surviving entity. The transaction is expected to
close during the fourth quarter of 2021, subject to the
satisfaction of customary closing conditions, including regulatory
and shareholder approvals.
Contact Information
Randall S. Eslick, President and Chief Executive
OfficerTelephone Direct (916) 677-5800
James A. Sundquist, Executive Vice President and Chief Financial
OfficerTelephone Direct (916) 677-5825
Andrea M. Newburn, Vice President and Senior Administrative
Officer / Corporate SecretaryTelephone Direct (530) 722-3959
Important Information and Where You Can
Find It
This press release may be deemed to be
solicitation material in respect of the proposed merger transaction
between Columbia Banking System, Inc. (“Columbia”), and the
Company. In connection with the proposed transaction, Columbia
filed with the Securities and Exchange Commission (the “SEC”) a
registration
statement on Form S-4 (Registration No. 333-258551) to
register the shares of Columbia’s common stock to be issued in
connection with the proposed transaction. The registration
statement includes a prospectus of Columbia and a proxy statement
of the Company. The registration statement, as amended, was
declared effective by the SEC on August 17, 2021, and the proxy
statement/prospectus was first mailed to the shareholders of the
Company on or about August 18, 2021. SHAREHOLDERS OF THE
COMPANY ARE URGED TO READ THE REGISTRATION STATEMENT
ON FORM S-4 AND THE PROXY STATEMENT/PROSPECTUS
INCLUDED THEREIN, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE
DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
COLUMBIA, THE COMPANY AND THE PROPOSED
TRANSACTION. Shareholders may obtain a free copy of the
registration statement, including the proxy statement/prospectus,
as well as other relevant documents filed with the SEC containing
information about Columbia and the Company, without charge, at the
SEC’s website (http://www.sec.gov). Shareholders may also obtain
these documents, free of charge, from the Company by accessing the
Company’s website at www.bankofcommerceholdings.com under the tab
“Investor Services” and then under the heading “Corporate Profile”
or from Columbia at www.columbiabank.com under the heading
“Investor Relations.” Copies can also be obtained, free of charge,
by directing a request to Bank of Commerce Holdings, 555 Capitol
Mall, Suite 1255, Sacramento, California 95814-4606, ATTN:
Corporate Secretary; Telephone (800) 421-2575.
Participants in the Solicitation of
Proxies in Connection with Proposed Transaction
The Company, Columbia, and certain of the
Company’s directors and executive officers and certain other
persons may be deemed to be participants in the solicitation of
proxies in respect of the proposed transaction under the rules of
the SEC. Information regarding the Company’s
directors and executive officers is available in its definitive
proxy statement for its 2021 annual shareholders meeting, which was
filed with the SEC on April 6,
2021. Other information regarding the participants
in the solicitation of proxies in respect of the proposed
transaction and a description of their direct and indirect
interests, by security holdings or otherwise, are contained or
incorporated by reference in the proxy statement/prospectus. Free
copies of these documents may be obtained as described in the
preceding paragraph.
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