River City Bank announced Monday that shareholders will receive a cash dividend next month, based on the bank's third-quarter net income of $3.2 million.
It's the bank's third quarterly dividend this year. The payments, payable Nov. 20, will be 10 cents per common share and 79 cents per preferred share, the bank said. Founded in 1973, River City Bank is a locally owned, independent bank with more than $1 billion in assets. Its 13 branches are in El Dorado, Placer, Sacramento and Yolo counties.