April 25 - Pacific Continental Corp., Eugene, Ore., (Nasdaq: PCBK), the holding company of Pacific Continental Bank, has increased its regular cash dividend from 8 cents per share to 9 cents per share. Additionally, the board declared a special cash dividend of 5 cents per share. Both dividends are payable May 15, 2013, to shareholders of record on May 6, 2013.
"Once again we are pleased to announce an increase in our quarterly cash dividend and a continuation of our recent history in declaring an accompanying special dividend," said Hal Brown, Pacific Continental's CEO. "The successfully completed Century Bank acquisition and the consistent improvement in our performance metrics provide the basis for our growing optimism."
About Pacific Continental Bank
Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through 14 banking offices in Oregon and Washington. The bank also operates a loan production office in Tacoma, Wash. With $1.3 billion in assets, Pacific Continental has established one of the most unique and attractive metropolitan branch networks in the Northwest with offices in three of the region's largest markets including Seattle, Portland and Eugene. Pacific Continental targets the banking needs of community-based businesses, health care professionals, professional service providers and nonprofit organizations.
Since its founding in 1972, Pacific Continental Bank has been honored with numerous awards and recognitions from highly regarded third-party organizations including The Seattle Times, the Portland Business Journal and Oregon Business magazine. A complete list of the company's awards and recognitions – as well as supplementary information about Pacific Continental Bank – can be found online at www.therightbank.com. Pacific Continental Corporation's shares, a component of the Russell 2000 Index, are listed on the Nasdaq Global Select Market under the symbol "PCBK."