River Valley bank OKs special cash dividend

Published: Friday, Nov. 23, 2012 - 12:00 am | Page 5B
Last Modified: Sunday, Nov. 25, 2012 - 2:25 pm

The board of directors of Yuba City-based River Valley Community Bank has approved a special cash dividend of 30 cents per common share to shareholders of record as of Nov. 29.

It will be paid either directly or through shareholder brokers on or about Dec. 19.

"It's amazing what our bank has accomplished in 6 1/2 economically challenging years," said John Jelavich, president and CEO.

The bank posted its 21st consecutive profitable quarter in the most recent three-month period ended Sept. 30, with net income of $358,079, or 21 cents a share, up from $340,693, or 20 cents a share, a year ago.

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