Business
Partners Bank of California Announces Initial Cash Dividend
Partners Bank of California Announces Initial Cash Dividend.
About this update from Partners Bank California
[{"type":"text","content":"MISSION VIEJO, Calif. – Partners Bank of California (“Partners Bank”)\r\n(OTC: PBKX) announced that its Board of Directors has declared an initial cash\r\ndividend of $0.25 per share on the Bank’s issued and outstanding common stock,\r\nmarking an important milestone in the Bank’s nearly 19-year history. \r\n\r\nThe dividend is payable on June 29, 2026, to shareholders of\r\nrecord as of the close of business on June 15, 2026. \r\n\r\n“This inaugural dividend reflects not only the strength of our\r\nBank, but also the trust and loyalty of our shareholders, many of whom are also\r\nvalued clients,” said Michael Chambers, Board Director, President and Chief\r\nExecutive Officer of Partners Bank of California. “We are grateful for their\r\ncontinued support and partnership, and we are pleased to return value to them\r\nthrough our first-ever dividend.” \r\n\r\nThe Board of Directors approved the dividend after reviewing the\r\nBank’s financial condition, capital position, earnings performance, and\r\napplicable regulatory considerations, and determined that the dividend is\r\nprudent and consistent with the safe and sound operation of the Bank. \r\n\r\nThis dividend represents the Bank’s initial return of capital to\r\nshareholders and reflects the Board’s confidence in the Bank’s financial\r\nstrength and future performance.\r\n\r\n\r\nAbout\r\nPartners Bank of California\r\nPartners Bank of California is a community bank that specializes\r\nin the delivery of exceptional,\r\nrelationship-based service to its clients, and offers a complete line of commercial\r\nbanking and lending products and services. Founded by a group of entrepreneurs\r\nin 2007 with corporate headquarters in Mission Viejo, California, the bank has\r\nregional branch office locations in Mission Viejo and Beverly Hills.\r\n\r\nFor more information, please visit pbofca.com.","length":2128,"tagName":"div"}]