Bank of Commerce Holdings Announces First Quarter Cash Dividend of $0.03
REDDING, Calif., March 19, 2014
REDDING, Calif., March 19, 2014 /PRNewswire/ -- Randy Eslick, President and
Chief Executive Officer of Bank of Commerce Holdings (NASDAQ:BOCH) (the
"Company"), a $956million bank holding company and parent company of Redding
Bank of Commerce™ (the "Bank"), today announced a cash dividend of $0.03 per
share for the first quarter 2014.
The $0.03 per share quarterly cash dividend will be paid to shareholders of
record as of March 28, 2014, and is payable on April 11, 2014.
About Bank of Commerce Holdings
Bank of Commerce Holdings is a bank holding company headquartered in Redding,
California and is the parent company for Redding Bank of Commerce™ which
operates under two separate names (Redding Bank of Commerce™ and Sacramento
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 October 22, 1982. The Company's common stock is listed on the
NASDAQ Global Market and trades under the symbol "BOCH."
Bank of Commerce Holdings wishes to take advantage of the Safe Harbor
provisions included in the Private Securities Litigation Reform Act of 1995.
This news release includes statements by the Company, which describe
management's expectations and developments, which may not be based on
historical facts and are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21B of the
Securities Act of 1934, as amended. Future events are difficult to predict,
and the expectations described above are necessarily subject to risk and
uncertainty that may cause actual results to differ materially and adversely.
In addition to discussions about risks and uncertainties set forth from time
to time in the Company's public filings, factors that may cause actual results
to differ materially from those contemplated by such forward looking
statements include, among others, the following possibilities: (1) local,
national and international economic conditions are less favorable than
expected or have a more direct and pronounced effect on the Company than
expected and adversely affect the Company's ability to continue its internal
growth at historical rates and maintain the quality of its earning assets; (2)
changes in interest rates reduce interest margins more than expected and
negatively affect funding sources; (3) projected business increases following
strategic expansion or opening or acquiring new banks and/or branches are
lower than expected; (4) our concentration in real estate lending; (5)
competitive pressure among financial institutions increases significantly; (6)
legislation or regulatory requirements or changes adversely affect the
businesses in which the Company is engaged; and (7) technological changes
could expose us to new risks.
Investment firms making a market in BOCH stock are:
Raymond James Financial
John T. Cavender
555 Market Street
San Francisco, CA 94105
Sandler O'Neill + Partners, L.P.
1251 Avenue of the Americas, 6^th Floor
New York, NY 10022
McAdams Wright Ragen, Inc.
1211 SW Fifth Avenue, Suite 1400
Portland, OR 97204
1255 East Street, Suite 100
Redding, CA 96001
1175 Peachtree Street NE #100
Colony Square, Suite 2250
Atlanta, GA 30361
SOURCE Bank of Commerce Holdings
Contact: Randy Eslick, President and Chief Executive Officer, Telephone Direct
(530) 722-3900; Samuel D. Jimenez, Executive Vice President and Chief
Operating Officer / Chief Financial Officer, Telephone Direct (530) 722-3952;
Andrea Schneck, Vice President and Senior Administrative Officer, Telephone
Direct (530) 722-3959
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