TriCo Bancshares Announces 12% Increase in Quarterly Cash Dividend
November 30 2018 - 8:00AM
Business Wire
The Board of Directors of TriCo Bancshares (NASDAQ: TCBK),
parent company of Tri Counties Bank, declared a quarterly cash
dividend of $0.19 (nineteen cents) per share on November 28, 2018.
This represents an increase of approximately 12% over the previous
quarterly cash dividend. The dividend is payable on December 28,
2018 to holders of record as of December 14, 2018.
Rick Smith, President and Chief Executive Officer, commented,
"The successful integration of First National Bank of Northern
California and Tri Counties Bank, in addition to strong third
quarter financial performance as a combined company facilitated
further evaluation of our capital allocation strategies. This
increase in our dividend is consistent with our stated goal of
providing strong shareholder returns while supporting planned
growth initiatives and maintaining target capital levels."
Established in 1975, Tri Counties Bank is a wholly-owned
subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in
Chico, California, providing a unique brand of customer Service
with Solutions available in traditional stand-alone and
in-store bank branches in communities throughout Northern and
Central California. Tri Counties Bank provides an extensive and
competitive breadth of consumer, small business and commercial
banking financial services, along with convenient around-the-clock
ATM, online and mobile banking access. Brokerage services are
provided by the Bank’s investment services through affiliation with
Raymond James Financial Services, Inc. Visit
www.TriCountiesBank.com to learn more.
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Peter G. WieseExecutive Vice President & CFO(530)
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