Santa Cruz County Bank To Pay DividendJanuary 3, 2017
Santa Cruz County Bank has declared a quarterly cash dividend of 5 cents per share payable Jan. 10 to shareholders at the close of business Dec. 30. This is the 15th consecutive quarterly cash dividend declared by the bank.
The bank reported a record $4.7 million in profit for the nine-month period ended Sept. 30, up 17 percent, compared to the nine-month period ending Sept. 30, 2015. Book value per share on Sept. 30 was $22.41, compared to $19.81 a year ago.
Santa Cruz County Bank was ranked first among California banks for third quarter performance by Financial Management Consulting Group.