PRMR VLLY BK FRSNO
President and CEO
559.438.2002
FRESNO, CALIFORNIA…August 19, 2014… Premier Valley Bank (OTC Markets PVLY) today announced that its Board of Directors has authorized a cash dividend. The dividend of seven cents ($0.07) per share is payable to shareholders of record on August 29, 2014 and is to be distributed on or about September 12, 2014. Based upon the recent trading price of PVLY common stock, the cash dividend, which totals approximately $870,000, indicates an annualized yield of approximately 4.6%.
J. Mike McGowan, President and Chief Executive Officer, stated, "Our seventeenth consecutive quarterly cash dividend is indicative of Premier Valley Bank's continued successful financial performance. The recurring quarterly dividends, along with the Bank's share repurchase plans, reflect the Board of Directors' confidence in the future of the Bank."
PVB is a full service bank known as "THE" Business and Professional Bank in Central California and "THE" Community Bank Serving the Sierra. The Bank's Directors are Jerry E. Cook; Mateo F. De Soto, M.D.; Surinder P. Dhillon, M.D.; Linda F. East; Richard H. Lehman; Michael S. Mathiesen; J. Mike McGowan; Thomas G. Richards; and Joe Williams.
Cautionary Statement: This release may contain certain forward-looking statements which are not historical facts and may pertain to future operating results. These forward-looking statements are within the meaning of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause the Bank's actual results to be materially different from the results discussed herein. These risks and uncertainties include those related to the economic environment particularly in the region where Premier Valley Bank does business, competitive products and pricing, general interest rate changes, the fiscal and monetary policies of the United States Government, credit risk management, regulatory actions, and other risks and uncertainties. Words such as "anticipate," "believe," "estimate," "expect," "should," "intend," "project," and words or phrases of similar meaning are intended to identify forward-looking statements.
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