Willamette Community Bank Declares Stock Dividend


Save Story
Leer en español

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

[STK] OTC-PINK:WMCB OTC-QB:WMCB

[IN] FIN OTC

[SU] DIV

-- WITH PHOTO -- TO BUSINESS EDITORS:

Willamette Community Bank Declares Stock Dividend

ALBANY, Ore., April 18, 2014 /PRNewswire/ -- Willamette Community

Bank's (OTCQB: WMCB) Board of Directors has approved a 3% stock

dividend, to be paid on May 25th, 2014 for shareholders of record as

of May 5th, 2014. The dividend marks the first time that the bank,

headquartered in Albany, Oregon, has paid a dividend in its history.

Willamette Community Bank has just come off of a record net income

year in 2013, and has also recently announced an expansion into the

Salem, Oregon, market with a Loan Production Office. The dividend,

marking another momentum point for the company, was praised by

shareholders and the company's top management. The bank's CEO, Dan

McDowell, stated, "We have had extraordinary success over the last

year, along with some very positive additions to our team and our

capabilities. I am very pleased that we are able to reward our

shareholders for their commitment to Willamette Community Bank."

Willamette Community Bank, headquartered in Albany, Oregon, is a

community bank focused on creative business solutions and customer

service. The bank, founded in 2003, has enjoyed consistent

profitability since 2005. If you would like to learn more about

Willamette Community Bank, please contact Stewart Williams, Senior

Vice President, at swilliams@willamettecommunitybank.com.

Logo - http://photos.prnewswire.com/prnh/20140401/SF94992LOGO

SOURCE Willamette Community Bank

-0- 04/18/2014

/Photo: http://photos.prnewswire.com/prnh/20140401/SF94992LOGO

/Web Site: https://www.willamettecommunitybank.com

(OTC-PINK:WMCB /

OTC-QB:WMCB) /

CO: Willamette Community Bank

ST: Oregon

IN: FIN OTC

SU: DIV

PRN

-- SF08295 --

0000 04/18/2014 12:17:00 EDT http://www.prnewswire.com

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast