Wilshire Bancorp Declares Quarterly Cash Dividend
LOS ANGELES, Sept. 10, 2013 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc.
(Nasdaq:WIBC), the parent company of Wilshire State Bank, announced today that
the Board of Directors has declared a quarterly cash dividend of $0.03 per
common share. The dividend will be paid to all stockholders of record as of
September 30, 2013, payable on October 15, 2013.
The dividend was approved by the Board of Directors on August 28, 2013 pending
regulatory approval, which was received on September 9, 2013.
Headquartered in Los Angeles, Wilshire State Bank operates 25 branch offices
in California, Texas, New Jersey and New York, and eight loan production
offices in Dallas and Houston, TX, Atlanta, GA, Aurora, CO, Annandale, VA,
Fort Lee, NJ, Newark, CA, and Bellevue, WA, and is an SBA preferred lender
nationwide. Wilshire State Bank is a community bank with a focus on commercial
real estate lending and general commercial banking, with its primary market
encompassing the multi-ethnic populations of the Los Angeles Metropolitan
area. For more information, please go to www.wilshirebank.com.
Statements concerning future performance, events, or any other guidance on
future periods constitute forward-looking statements that are subject to a
number of risks and uncertainties that might cause actual results to differ
materially from stated expectations. Specific factors include, but are not
limited to, loan production and sales, credit quality, the ability to expand
net interest margin, the ability to continue to attract low-cost deposits,
success of expansion efforts, competition in the marketplace and general
economic conditions. Any financial information contained in this release
should be read in conjunction with the consolidated financial statements and
notes included in Wilshire Bancorp's most recent reports on Form 10-K and Form
10-Q, as filed with the Securities and Exchange Commission, as they may be
amended from time to time. Results of operations for the most recent quarter
are not necessarily indicative of operating results for any future periods.
Any projections in this release are based on limited information currently
available to management and are subject to change. The information in this
press release speaks only as of the date of this release and Wilshire Bancorp
specifically disclaims any duty to update the information in this press
release. Additional information on these and other factors that could affect
financial results are included in filings by Wilshire Bancorp with the
Securities and Exchange Commission.
CONTACT: Alex Ko, EVP & CFO, (213) 427-6560
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