Golden Valley Bank Announces First Quarter 2014 Dividend
March 24 2014 - 5:30PM
Business Wire
Golden Valley Bank (OTCBB: GVYB),
headquartered in Chico, California today announced its first
quarter 2014 dividend.
At their meeting held March 20, 2014 the Board of Directors of
Golden Valley Bank voted to pay a cash dividend of five cents
($0.05) per share to shareholders of record as of April 7, 2014.
The payment date for the dividend will be April 18, 2014.
“This dividend recognizes our strong capital position and
reflects our continued desire to recognize and reward our
shareholders for their support,” said Mark Francis, President and
CEO.
Some of the news services have erroneously reported the fourth
quarter 2013 dividend was six cents ($0.06), when in actuality the
dividend paid on January 8, 2014 representing the fourth quarter of
2013 was five cents ($0.05).
Golden Valley Bank is a locally owned and operated commercial
bank serving the needs of individuals and businesses in northern
California. The Bank has a full service office in Chico, California
and a Loan Production Office in Redding, California. For more
information regarding the bank please call at (530) 894-1000 or
visit www.goldenvalleybank.com.
Forward-Looking Statements
Statements concerning future performance, developments or
events, expectations for growth and income forecasts, and any other
guidance on future periods, constitute forward-looking statements
that are subject to a number of risks and uncertainties. Actual
results are pre-fiscal year-end audit and may differ materially
from stated expectations. Specific factors include, but are not
limited to, loan production, balance sheet management, expanded net
interest margin, the ability to control costs and expenses,
interest rate changes and financial policies of the United States
government and general economic conditions. The Bank disclaims any
obligation to update any such factors.
Golden Valley BankMark Francis,
530-894-4920mfrancis@goldenvalleybank.comwww.MyGVBank.com
Golden Valley Bancshares (PK) (USOTC:GVYB)
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