Sept 19 - Patrick J. Moty, president and CEO of Bank of Commerce Holdings (Nasdaq: BOCH), a $957 million bank holding company and parent company of Redding (Calif.) Bank of Commerce, has announced a cash dividend of 3 cents per share for the third quarter 2013 and a special cash dividend of 2 cents per share.
Patrick J. Moty, president and CEO, commented, "After this regular quarterly dividend and special dividend, our capital ratios continue to be strong, and together with our current earnings, we will have ample capital to support organic balance sheet growth and the continuance of our current stock buyback program."
Both the 3 cents per share quarterly cash dividend and the 2 cents per share special cash dividend will be paid to shareholders of record as of Sept. 27, 2013, and are payable on Oct. 11, 2013.
About Bank of Commerce Holdings
Bank of Commerce Holdings is a bank holding company headquartered in Redding, Calif., and is the parent company for Redding Bank of Commerce, which operates under two separate names (Redding Bank of Commerce and Roseville Bank of Commerce, a division of Redding Bank of Commerce). The bank is an FDIC-insured California banking corporation providing commercial banking and financial services through four offices located in Northern California. The bank opened on Oct. 22, 1982. The company's common stock is listed on the Nasdaq Global Market and trades under the symbol "BOCH."