July 18 - The board of directors of Pacific Continental Corporation (Nasdaq: PCBK), the holding company of Pacific Continental Bank, Eugene, Ore., has approved a regular cash dividend of 9 cents per share. Additionally, the board declared a special cash dividend of 12 cents per share. Both dividends are payable Aug. 12, 2013, to shareholders of record on July 31, 2013.
"I am pleased to announce the declaration of our regular quarterly cash dividend and yet another special cash dividend as part of our ongoing capital management plan," said Hal Brown, CEO. "Organic growth, strategic acquisitions, share repurchases and cash dividends all play a part as we continue to deploy excess capital for the benefit of our shareholders," added Brown.
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 $1.4 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.